$289,000
30.00 Acres
Land
Brienna Roberts, Listing Office: Berkshire Hathaway HomeServices Real Estate - BC
Is Bay Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Bay Township has remained a Seller's Market.
Key Takeaway
Bay Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bay Township, MI
How much do homes in Bay Township, MI cost?
Median Sold Price
$694,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$106,000(-13.3%)
Key Takeaway
Homes in Bay Township have sold for 13.2% less than they did a year ago.
Summary: The median home sold price in Bay Township was $694,000 in October 2024, down 13.3% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $600K | $175K | -70.8% |
| 3 Bedrooms | $426K | $575K | +35.0% |
| 4 Bedrooms | $624.5K | $675K | +8.1% |
| 5+ Bedrooms | $1.2M | $3.0M | +144.0% |
Summary: Bay Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 70.8%, 3 bedroom homes increased by 35%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 144%.
Median Sold Price Compared To Nearby Cities
| Resort Township | $445K | $535K | +20.2% |
| Bay Township | $800K | $694K | -13.3% |
Housing Supply in Bay Township, MI
How many homes are available in Bay Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Summary: The Bay Township real estate market had 5 homes for sale in October 2024, a 150.0% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Bay 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 remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bay Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Bay Township in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Bay Township, MI
We’re sorry, we don't have information for this market at the moment
