$2,185 Closing Credit*
$184,000
1,972 SqFt
4 Beds
•1 Full Bath, 1 Partial
Richard L Stewart, Listing Office: REO Specialists, L.L.C.
Is Bangor Township, 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 Township was a Seller's Market.
Key Takeaway
Bangor 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 Bangor Township, MI
How much do homes in Bangor Township, MI cost?
Median Sold Price
$218,500
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$38,500(+21.4%)
Key Takeaway
Homes in Bangor Township have sold for 21.4% more than they did a year ago.
Summary: The median home sold price in Bangor Township was $218,500 in November 2024, up 21.4% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $122.7K | N/A |
| 2 Bedrooms | $164K | $160K | -2.4% |
| 3 Bedrooms | $180K | $218.5K | +21.4% |
| 4 Bedrooms | $260K | $279.9K | +7.7% |
| 5+ Bedrooms | - | $350K | N/A |
Summary: Bangor Township 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 2.4%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 7.7%, 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 Township, MI
How many homes are available in Bangor Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 25 | -13.8% |
Summary: The Bangor Township real estate market had 25 homes for sale in November 2024, a 13.8% 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 | 12 | 8 | -33.3% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Bangor 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 decreased by 40%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was 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 Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Bangor Township in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Bangor Township, MI
How long does it take to sell a home in Bangor Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 70 Days | +87.5% |
Summary: Homes in Bangor Township had an average of 70 days on market in Nov 2024, up by 87.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bangor Township has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Bangor Township; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
