$2,838 Closing Credit*
$239,000
1,120 SqFt
3 Beds
•1 Bath
Janet Piscopo, Listing Office: Coldwell Banker Schmidt-Bellai
Is Bellaire, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Bellaire was a Seller's Market.
Key Takeaway
Bellaire is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bellaire, MI
How much do homes in Bellaire, MI cost?
Median Sold Price
$320,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,500(+6.1%)
Key Takeaway
Homes in Bellaire have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Bellaire was $320,000 in October 2024, up 6.1% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $107K | $114K | +6.5% |
| 2 Bedrooms | $243K | $255K | +4.9% |
| 3 Bedrooms | $273.5K | $365K | +33.5% |
| 4 Bedrooms | $390K | $440K | +12.8% |
| 5+ Bedrooms | $739.7K | $925K | +25.0% |
Summary: Bellaire housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 33.5%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
| Forest Home Township | $330K | $417K | +26.4% |
| Kearney Township | $248.2K | $272.5K | +9.8% |
| Bellaire | $301.5K | $320K | +6.1% |
Housing Supply in Bellaire, MI
How many homes are available in Bellaire, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 81 | 96 | +18.5% |
Summary: The Bellaire real estate market had 96 homes for sale in October 2024, a 18.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 16 | +14.3% |
| 2 Bedrooms | 27 | 28 | +3.7% |
| 3 Bedrooms | 27 | 35 | +29.6% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Bellaire housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 29.6%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bellaire, you may be able to get a good deal. 90% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Bellaire in October 2024, up by 10.0% month-over-month. Of the 10 sold homes, 90% were sold under asking, 0% were sold at asking, and 10% were sold over asking.
Days on Market for Bellaire, MI
How long does it take to sell a home in Bellaire, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 79 Days | +47.6% |
Summary: Homes in Bellaire had an average of 79 days on market in Oct 2024, up by 47.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bellaire has remained consistent over time.
Summary: During October 2024, 11 homes were sold in Bellaire; 9% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. 
© 2024 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.