$2,849 Closing Credit*
$239,900
864 SqFt
3 Beds
•1 Full Bath, 1 Partial
#50159538, TOM MILI, Listing Office: TRI COUNTY REALTY UP-IM
Is Baraga, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Baraga was a Seller's Market.
Key Takeaway
Baraga is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Baraga, MI
How much do homes in Baraga, MI cost?
Median Sold Price
$150,000
$123/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$85,000(-36.2%)
Key Takeaway
Homes in Baraga have sold for 36.2% less than they did a month ago.
Summary: The median home sold price in Baraga was $150,000 in October 2024, down 36.2% from last month, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $192.9K | $150K | -22.3% |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $300K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Baraga housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.3%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Baraga | $235K | $150K | -36.2% |
| Baraga Township | $235K | $150K | -36.2% |
| L'Anse Township | $165K | $57.5K | -65.2% |
Housing Supply in Baraga, MI
How many homes are available in Baraga, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Summary: The Baraga real estate market had 9 homes for sale in October 2024, a 18.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Baraga housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Baraga, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Baraga in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Baraga, MI
How long does it take to sell a home in Baraga, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 31 Days | -3.1% |
Summary: Homes in Baraga had an average of 31 days on market in Oct 2024, down by 3.1% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Baraga has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Baraga; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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.