Is Bath Charter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bath Charter Township is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Bath Charter Township was a Seller's Market.

Key Takeaway

Bath Charter 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 Bath Charter Township, MI

How much do homes in Bath Charter Township, MI cost?

Median Sold Price

$345,750

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$1,700(-0.5%)

Key Takeaway

The sold price of homes in Bath Charter Township has remained the same since last year.

Summary: The median home sold price in Bath Charter Township was $345,750 in October 2024, down 0.5% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $141.4K$70K
-50.5%
2 $205K$279.2K
+36.2%
3 $315K$310K
-1.6%
4 $431.7K$430K
-0.4%
5+ $640.1K$631.5K
-1.3%

Summary: Bath Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.5%, 2 bedroom homes increased by 36.2%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 1.3%.

Median Sold Price Compared To Nearby Cities

Woodhull Township
+15.1%
East Lansing
+9.5%
Bath Charter Township
-0.5%
Haslett
-1.5%
Bath
-3.2%

Housing Supply in Bath Charter Township, MI

How many homes are available in Bath Charter Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
38380.0%

Summary: The Bath Charter Township real estate market had 38 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 86
-25.0%
3 1415
+7.1%
4 107
-30.0%
5+ 59
+80.0%

Summary: The Bath Charter Township 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 25%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 80%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
116-45.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bath Charter Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Bath Charter Township in October 2024, down by 45.5% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for Bath Charter Township, MI

How long does it take to sell a home in Bath Charter Township, MI?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days50 Days+152.8%

Summary: Homes in Bath Charter Township had an average of 50 days on market in Oct 2024, up by 152.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bath Charter Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in Bath Charter Township; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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 16 Days Ago

Newest Listings in Bath Charter Township, MI

Nearby Markets to Bath Charter Township, MI

What housing markets are near Bath Charter Township, MI?