$3,200
0.33 Acres
Land
Christian J Radden, Listing Office: North West Realty, LLC
Is Baldwin, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Baldwin has remained a Seller's Market.
Key Takeaway
Baldwin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Baldwin, MI
How much do homes in Baldwin, MI cost?
Median Sold Price
$129,950
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$17,350(-11.8%)
Key Takeaway
Homes in Baldwin have sold for 11.8% less than they did a year ago.
Summary: The median home sold price in Baldwin was $129,950 in November 2024, down 11.8% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $66.5K | $84.9K | +27.7% |
| 2 Bedrooms | $102.7K | $126.5K | +23.1% |
| 3 Bedrooms | $147.3K | $164.9K | +11.9% |
| 4 Bedrooms | $299.9K | $280K | -6.6% |
| 5+ Bedrooms | $536K | $27.5K | -94.9% |
Summary: Baldwin housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.7%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 11.9%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes decreased by 94.9%.
Median Sold Price Compared To Nearby Cities
| Baldwin | $147.3K | $129.9K | -11.8% |
| Webber Township | $119K | $88.6K | -25.5% |
Housing Supply in Baldwin, MI
How many homes are available in Baldwin, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 49 | -5.8% |
Summary: The Baldwin real estate market had 49 homes for sale in November 2024, a 5.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 6 | -25.0% |
| 2 Bedrooms | 19 | 21 | +10.5% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Baldwin housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Baldwin, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Baldwin in November 2024, down by 16.7% month-over-month. Of the 10 sold homes, 70% were sold under asking, 30% were sold at asking, and 0% were sold over asking.
Days on Market for Baldwin, MI
How long does it take to sell a home in Baldwin, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 41 Days | +29.4% |
Summary: Homes in Baldwin had an average of 41 days on market in Nov 2024, up by 29.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Baldwin are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Baldwin; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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.