$1,959 Closing Credit*
$165,000
1,203 SqFt
3 Beds
•1 Full Bath
#50163324, Alexander Lozon, Listing Office: Realteam Real Estate
Is Bagley, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Bagley was a Seller's Market.
Key Takeaway
Bagley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bagley, MI
How much do homes in Bagley, MI cost?
Median Sold Price
$170,666
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,166(+8.4%)
Key Takeaway
Homes in Bagley have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Bagley was $170,666 in November 2024, up 8.4% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $57.2K | $65K | +13.5% |
| 3 Bedrooms | $148.9K | $163.4K | +9.7% |
| 4 Bedrooms | $190K | $227.5K | +19.7% |
| 5+ Bedrooms | $239.9K | $268K | +11.7% |
Summary: Bagley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 11.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Pembroke | $96.1K | $115K | +19.7% |
| Bagley Community | $180K | $203.5K | +13.1% |
| Bagley | $157.5K | $170.6K | +8.4% |
| North | $116.4K | $125.4K | +7.7% |
| University District | $365K | $350K | -4.1% |
Housing Supply in Bagley, MI
How many homes are available in Bagley, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 137 | 135 | -1.5% |
Summary: The Bagley real estate market had 135 homes for sale in November 2024, a 1.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 96 | 92 | -4.2% |
| 4 Bedrooms | 30 | 34 | +13.3% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Bagley 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 decreased by 66.7%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 18 | -35.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bagley, you could pay more than the asking price. 38.9% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Bagley in November 2024, down by 35.7% month-over-month. Of the 18 sold homes, 33% were sold under asking, 28% were sold at asking, and 39% were sold over asking.
Days on Market for Bagley, MI
How long does it take to sell a home in Bagley, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 39 Days | -8.2% |
Summary: Homes in Bagley had an average of 39 days on market in Nov 2024, down by 8.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bagley are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in Bagley; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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.