Is Barry County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Barry County has remained a Seller's Market.
Key Takeaway
Barry County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Barry County, MI
How much do homes in Barry County, MI cost?
Median Sold Price
$277,812
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Barry County have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Barry County was $277,812 in May 2024, up 8.4% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $166.1K | $178.5K | +7.4% |
| 2 Bedrooms | $196.4K | $200K | +1.8% |
| 3 Bedrooms | $235K | $267.6K | +13.9% |
| 4 Bedrooms | $320K | $308K | -3.8% |
| 5+ Bedrooms | $325K | $399.9K | +23.0% |
Summary: Barry County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 13.9%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 23%.
Median Sold Price Compared To Nearby Counties
| Eaton County | $210K | $239.8K | +14.2% |
| Ionia County | $197.9K | $220K | +11.1% |
| Barry County | $256.2K | $277.8K | +8.4% |
| Kent County | $299.8K | $321.6K | +7.3% |
| Allegan County | $283K | $300.1K | +6.0% |
Housing Supply in Barry County, MI
How many homes are available in Barry County, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 145 | 177 | +22.1% |
Summary: The Barry County real estate market had 177 homes for sale in May 2024, a 22.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 17 | 19 | +11.8% |
| 3 Bedrooms | 67 | 80 | +19.4% |
| 4 Bedrooms | 40 | 55 | +37.5% |
| 5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The Barry County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 48 | +29.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Barry County, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.
Summary: A total of 48 homes were sold or pending in Barry County in May 2024, up by 29.7% month-over-month. Of the 48 sold homes, 33% were sold under asking, 23% were sold at asking, and 44% were sold over asking.
Days on Market for Barry County, MI
How long does it take to sell a home in Barry County, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 24 Days | -3.0% |
Summary: Homes in Barry County had an average of 24 days on market in May 2024, down by 3% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Barry County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 48 homes were sold in Barry County; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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