$2,256 Closing Credit*
$190,000
1,430 SqFt
2 Beds
•1 Full Bath, 1 Partial
Dawn Tomlinson, Listing Office: RE/MAX by the Lake
Is Bainbridge Township, 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, Bainbridge Township was a Seller's Market.
Key Takeaway
Bainbridge Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Bainbridge Township, MI
How much do homes in Bainbridge Township, MI cost?
Median Sold Price
$213,500
$135/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$113,550(-34.7%)
Key Takeaway
Homes in Bainbridge Township have sold for 34.7% less than they did a month ago.
Summary: The median home sold price in Bainbridge Township was $213,500 in November 2024, down 34.7% from last month, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $160K | N/A |
| 3 Bedrooms | $164.5K | - | N/A |
| 4 Bedrooms | $385K | $267K | -30.6% |
| 5+ Bedrooms | $543K | - | N/A |
Summary: Bainbridge Township 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 did not change, 4 bedroom homes decreased by 30.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Keeler Township | $265K | $180K | -32.1% |
| Bainbridge Township | $327K | $213.5K | -34.7% |
Housing Supply in Bainbridge Township, MI
How many homes are available in Bainbridge Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The Bainbridge Township real estate market had 12 homes for sale in November 2024, a 7.7% 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 | 1 | 4 | +300.0% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Bainbridge Township 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 increased by 300%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
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 Bainbridge Township, 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 Bainbridge Township in November 2024, down by 50.0% 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 Bainbridge Township, MI
How long does it take to sell a home in Bainbridge Township, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 68 Days | 57 Days | -16.2% |
Summary: Homes in Bainbridge Township had an average of 57 days on market in Nov 2024, down by 16.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bainbridge Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Bainbridge Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
