Is Bertrand Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bertrand Township was a Buyer's Market.
Housing Prices in Bertrand Township, MI
How much do homes in Bertrand Township, MI cost?
Median Sold Price
$310,500
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bertrand Township was $310,500 in May 2024, down 22.4% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $635K | $142.5K | -77.6% |
3 Bedrooms | $288.7K | $225K | -22.1% |
4 Bedrooms | $550K | $320K | -41.8% |
5+ Bedrooms | $1.1M | $721K | -37.2% |
Summary: Bertrand Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 77.6%, 3 bedroom homes decreased by 22.1%, 4 bedroom homes decreased by 41.8%, and 5+ bedroom homes decreased by 37.2%.
Median Sold Price Compared To Nearby Cities
Buchanan Township | $193.9K | $227K | +17.0% |
Niles | $165.9K | $189K | +13.9% |
Niles Township | $167.9K | $190.2K | +13.3% |
Bertrand Township | $400K | $310.5K | -22.4% |
Housing Supply in Bertrand Township, MI
How many homes are available in Bertrand Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
Summary: The Bertrand Township real estate market had 9 homes for sale in May 2024, a 50.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Bertrand Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Bertrand Township in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Bertrand Township, MI
How long does it take to sell a home in Bertrand Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 39 Days | +46.3% |
Summary: Homes in Bertrand Township had an average of 39 days on market in May 2024, up by 46.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Bertrand Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.