Is Bark River, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bark River is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Bark River has remained a Seller's Market.

Key Takeaway

Bark River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bark River, MI

How much do homes in Bark River, MI cost?

Median Sold Price

$103,750

$81/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$231,250(-69.0%)

Key Takeaway

Homes in Bark River have sold for 69% less than they did a month ago.

Summary: The median home sold price in Bark River was $103,750 in December 2024, down 69% from last month, and the median price per square foot was $81.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 -$103.7K
N/A
4 --
N/A
5+ $335K-
N/A

Summary: Bark River housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 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

Bark River
-69.0%
Bark River Township
-69.0%

Housing Supply in Bark River, MI

How many homes are available in Bark River, MI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
440.0%

Summary: The Bark River real estate market had 4 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 23
+50.0%
4 11
0.0%
5+ 10
-100.0%

Summary: The Bark River 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bark River, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Bark River in December 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Bark River, MI

How long does it take to sell a home in Bark River, MI?

Average Sale Time

Nov 2024Dec 2024CHANGE
45 Days3 Days-93.3%

Summary: Homes in Bark River had an average of 3 days on market in Dec 2024, down by 93.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bark River are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 1 homes were sold in Bark River; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

Newest Listings in Bark River, MI

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