$3,200
0.33 Acres
Land
Christian J Radden, Listing Office: North West Realty, LLC
Is Baldwin Township, 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 Township has remained a Seller's Market.
Key Takeaway
Baldwin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Baldwin Township, MI
How much do homes in Baldwin Township, MI cost?
Median Sold Price
$134,900
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$12,400(-8.4%)
Key Takeaway
Homes in Baldwin Township have sold for 8.4% less than they did a year ago.
Summary: The median home sold price in Baldwin Township was $134,900 in November 2024, down 8.4% from last year, and the median price per square foot was $129.
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 | $167.4K | +13.7% |
| 4 Bedrooms | $299.9K | $280K | -6.6% |
| 5+ Bedrooms | $536K | $27.5K | -94.9% |
Summary: Baldwin Township 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 13.7%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes decreased by 94.9%.
Housing Supply in Baldwin Township, MI
How many homes are available in Baldwin Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 49 | -7.5% |
Summary: The Baldwin Township real estate market had 49 homes for sale in November 2024, a 7.5% 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 | 21 | 18 | -14.3% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Baldwin Township 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 14.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
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 Township, 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 Township in November 2024, down by 23.1% 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 Township, MI
How long does it take to sell a home in Baldwin Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 41 Days | +29.4% |
Summary: Homes in Baldwin Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Baldwin Township; 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.