$2,136 Closing Credit*
$179,900
1,450 SqFt
3 Beds
•2 Full Baths
Chris Speer, Listing Office: eXp Realty LLC
Is Bangor, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Bangor was a Seller's Market.
Key Takeaway
Bangor is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bangor, MI
How much do homes in Bangor, MI cost?
Median Sold Price
$207,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,000(+15.0%)
Key Takeaway
Homes in Bangor have sold for 15% more than they did a year ago.
Summary: The median home sold price in Bangor was $207,000 in November 2024, up 15% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $122.7K | N/A |
| 2 Bedrooms | $164.5K | $149K | -9.4% |
| 3 Bedrooms | $183.2K | $208.5K | +13.8% |
| 4 Bedrooms | $238.7K | $279.9K | +17.3% |
| 5+ Bedrooms | - | $350K | N/A |
Summary: Bangor housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bangor Township | $180K | $218.5K | +21.4% |
| Bangor | $180K | $207K | +15.0% |
Housing Supply in Bangor, MI
How many homes are available in Bangor, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 24 | -11.1% |
Summary: The Bangor real estate market had 24 homes for sale in November 2024, a 11.1% 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 | 5 | 3 | -40.0% |
| 3 Bedrooms | 11 | 7 | -36.4% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Bangor 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 decreased by 40%, 3 bedroom homes decreased by 36.4%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bangor, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Bangor in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Bangor, MI
How long does it take to sell a home in Bangor, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 78 Days | +109.8% |
Summary: Homes in Bangor had an average of 78 days on market in Nov 2024, up by 109.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bangor are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Bangor; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.