$8,074 Closing Credit*
$679,900
1,651 SqFt
4 Beds
•3 Full Baths
Nick J Holtrop, Listing Office: EXP Realty (Grand Rapids)
Is Belding, 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, Belding has remained a Seller's Market.
Key Takeaway
Belding is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Belding, MI
How much do homes in Belding, MI cost?
Median Sold Price
$224,500
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,500(+6.9%)
Key Takeaway
Homes in Belding have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Belding was $224,500 in October 2024, up 6.9% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $68K | -32.0% |
| 2 Bedrooms | $167K | $166.6K | -0.2% |
| 3 Bedrooms | $197K | $220K | +11.7% |
| 4 Bedrooms | $260K | $277K | +6.5% |
| 5+ Bedrooms | $345K | $453.7K | +31.5% |
Summary: Belding housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 31.5%.
Median Sold Price Compared To Nearby Cities
| Otisco Township | $257K | $310.5K | +20.8% |
| Belding | $210K | $224.5K | +6.9% |
Housing Supply in Belding, MI
How many homes are available in Belding, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 42 | +5.0% |
Summary: The Belding real estate market had 42 homes for sale in October 2024, a 5.0% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 18 | 19 | +5.6% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Belding 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 5.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belding, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Belding in October 2024, down by 25.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Belding, MI
How long does it take to sell a home in Belding, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 32 Days | +42.2% |
Summary: Homes in Belding had an average of 32 days on market in Oct 2024, up by 42.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Belding has remained consistent over time.
Summary: During October 2024, 9 homes were sold in Belding; 44% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
