$1,870 Closing Credit*
$157,500
1,620 SqFt
3 Beds
•1 Full Bath, 1 Partial
TJ Beckman, Listing Office: RE/MAX New Image
Is Bad Axe, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Bad Axe was a Buyer's Market.
Key Takeaway
Bad Axe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bad Axe, MI
How much do homes in Bad Axe, MI cost?
Median Sold Price
$139,000
$64/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$91,000(-39.6%)
Key Takeaway
Homes in Bad Axe have sold for 39.6% less than they did a month ago.
Summary: The median home sold price in Bad Axe was $139,000 in November 2024, down 39.6% from last month, and the median price per square foot was $64.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $230K | $128.5K | -44.1% |
| 4 Bedrooms | - | $149.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Bad Axe housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 44.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Bad Axe, MI
How many homes are available in Bad Axe, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The Bad Axe real estate market had 9 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bad Axe housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bad Axe, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Bad Axe in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Bad Axe, MI
How long does it take to sell a home in Bad Axe, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 94 Days | +215.0% |
Summary: Homes in Bad Axe had an average of 94 days on market in Nov 2024, up by 215% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bad Axe has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Bad Axe; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.