$3,432 Closing Credit*
$289,000
1,996 SqFt
3 Beds
•1 Full Bath, 1 Partial
Milton K Brown, Listing Office: Fathom Realty MI LLC
Is Bagley Community, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Bagley Community was a Seller's Market.
Key Takeaway
Bagley Community is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bagley Community, MI
How much do homes in Bagley Community, MI cost?
Median Sold Price
$199,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+8.2%)
Key Takeaway
Homes in Bagley Community have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Bagley Community was $199,000 in October 2024, up 8.2% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $48.7K | $76K | +55.9% |
| 3 Bedrooms | $175K | $189.5K | +8.3% |
| 4 Bedrooms | $200K | $230K | +15.0% |
| 5+ Bedrooms | $240K | $266.5K | +11.0% |
Summary: Bagley Community 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 55.9%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 11%.
Housing Supply in Bagley Community, MI
How many homes are available in Bagley Community, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 69 | 89 | +29.0% |
Summary: The Bagley Community real estate market had 89 homes for sale in October 2024, a 29.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 43 | 58 | +34.9% |
| 4 Bedrooms | 18 | 26 | +44.4% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Bagley Community 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 34.9%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bagley Community, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Bagley Community in October 2024, down by 35.7% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Bagley Community, MI
How long does it take to sell a home in Bagley Community, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 22 Days | +2.5% |
Summary: Homes in Bagley Community had an average of 22 days on market in Oct 2024, up by 2.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bagley Community are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Bagley Community; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
