Is Bridgeport Charter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bridgeport Charter Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Bridgeport Charter Township has remained a Seller's Market.

Key Takeaway

Bridgeport Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bridgeport Charter Township, MI

How much do homes in Bridgeport Charter Township, MI cost?

Median Sold Price

$145,000

$101/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$25,000(+20.8%)

Key Takeaway

Homes in Bridgeport Charter Township have sold for 20.8% more than they did a year ago.

Summary: The median home sold price in Bridgeport Charter Township was $145,000 in September 2024, up 20.8% from last year, and the median price per square foot was $101.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$69.9K
N/A
2 $70K$104.5K
+49.3%
3 $110K$152.5K
+38.6%
4 $188.5K$159.9K
-15.2%
5+ $179.9K$367K
+104.0%

Summary: Bridgeport Charter Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 49.3%, 3 bedroom homes increased by 38.6%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes increased by 104%.

Median Sold Price Compared To Nearby Cities

Burt
+38.8%
Bridgeport Charter Township
+20.8%
Buena Vista Charter Township
+19.5%
Bridgeport
+18.9%
Saginaw
+13.4%

Housing Supply in Bridgeport Charter Township, MI

How many homes are available in Bridgeport Charter Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4438-13.6%

Summary: The Bridgeport Charter Township real estate market had 38 homes for sale in September 2024, a 13.6% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 98
-11.1%
3 2319
-17.4%
4 77
0.0%
5+ 43
-25.0%

Summary: The Bridgeport Charter Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 17.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1211-8.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bridgeport Charter Township, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Bridgeport Charter Township in September 2024, down by 8.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% were sold over asking.

Days on Market for Bridgeport Charter Township, MI

How long does it take to sell a home in Bridgeport Charter Township, MI?

Average Sale Time

Sep 2023Sep 2024CHANGE
27 Days27 Days+1.7%

Summary: Homes in Bridgeport Charter Township had an average of 27 days on market in Sep 2024, up by 1.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bridgeport Charter Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 11 homes were sold in Bridgeport Charter Township; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

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