$2,969 Closing Credit*
$250,000
1,953 SqFt
4 Beds
•1 Full Bath, 1 Partial
Douglas Rahaim, Listing Office: DOBI 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 October 2023
Since last year, Bagley has remained a Seller's Market.
Key Takeaway
Bagley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bagley, MI
How much do homes in Bagley, MI cost?
Median Sold Price
$167,000
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,500(+4.7%)
Key Takeaway
Homes in Bagley have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Bagley was $167,000 in October 2024, up 4.7% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $57.2K | $64.2K | +12.2% |
| 3 Bedrooms | $150K | $160K | +6.7% |
| 4 Bedrooms | $175K | $222.5K | +27.1% |
| 5+ Bedrooms | $240K | $252.4K | +5.2% |
Summary: Bagley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 27.1%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Pembroke | $95K | $115K | +21.1% |
| North | $115.1K | $124.9K | +8.6% |
| Bagley Community | $184K | $199K | +8.2% |
| University District | $330K | $350K | +6.1% |
| Bagley | $159.5K | $167K | +4.7% |
Housing Supply in Bagley, MI
How many homes are available in Bagley, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 120 | 138 | +15.0% |
Summary: The Bagley real estate market had 138 homes for sale in October 2024, a 15.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 86 | 98 | +14.0% |
| 4 Bedrooms | 22 | 31 | +40.9% |
| 5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The Bagley housing inventory by bedroom type for October 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 14%, 4 bedroom homes increased by 40.9%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 24 | +9.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bagley, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Bagley in October 2024, up by 9.1% month-over-month. Of the 24 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 30 Days | +45.9% |
Summary: Homes in Bagley had an average of 30 days on market in Oct 2024, up by 45.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 24 homes were sold in Bagley; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
