$1,958 Closing Credit*
$164,900
775 SqFt
2 Beds
•1 Full Bath
Adam Locker, Listing Office: Coldwell Banker Woodland Schmidt
Is Bangor, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Bangor has remained a Seller's Market.
Key Takeaway
Bangor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bangor, MI
How much do homes in Bangor, MI cost?
Median Sold Price
$207,500
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$14,250(+7.4%)
Key Takeaway
Homes in Bangor have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Bangor was $207,500 in December 2024, up 7.4% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $122.7K | N/A |
| 2 Bedrooms | $164.5K | $138K | -16.1% |
| 3 Bedrooms | $207.5K | $210K | +1.2% |
| 4 Bedrooms | $238.7K | $279.9K | +17.3% |
| 5+ Bedrooms | - | $350K | N/A |
Summary: Bangor housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.1%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Arlington Township | $162K | $230K | +42.0% |
| Bangor Township | $186.5K | $218.5K | +17.2% |
| Bangor | $193.2K | $207.5K | +7.4% |
Housing Supply in Bangor, MI
How many homes are available in Bangor, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The Bangor real estate market had 21 homes for sale in December 2024, a 4.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 3 | 0 | -100.0% |
Summary: The Bangor housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bangor, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Bangor in December 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 51 Days | 45 Days | -10.2% |
Summary: Homes in Bangor had an average of 45 days on market in Dec 2024, down by 10.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were 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 December 2024, 5 homes were sold in Bangor; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
