$3,503 Closing Credit*
$295,000
1,223 SqFt
2 Beds
•2 Full Baths
Jody Schwalm, Listing Office: RE/MAX United (Beltline)
Is Belding, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,500(+4.4%)
Key Takeaway
Homes in Belding have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Belding was $224,500 in November 2024, up 4.4% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $68K | -32.0% |
| 2 Bedrooms | $179.4K | $166.6K | -7.1% |
| 3 Bedrooms | $204K | $224.5K | +10.0% |
| 4 Bedrooms | $250.1K | $279K | +11.5% |
| 5+ Bedrooms | $380K | $453.7K | +19.4% |
Summary: Belding housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 19.4%.
Housing Supply in Belding, MI
How many homes are available in Belding, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 40 | 0.0% |
Summary: The Belding real estate market had 40 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Belding housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 5.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Belding, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Belding in November 2024, the same as the previous month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 28 Days | +174.7% |
Summary: Homes in Belding had an average of 28 days on market in Nov 2024, up by 174.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Belding are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Belding; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
