$4,738 Closing Credit*
$399,000
4,800 SqFt
4 Beds
•2 Full Baths, 1 Partial
Walt Mann, Listing Office: REO-TCBellaire-233025
Is Bellaire, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Bellaire was a Seller's Market.
Key Takeaway
Bellaire 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 Bellaire, MI
How much do homes in Bellaire, MI cost?
Median Sold Price
$315,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,500(+15.2%)
Key Takeaway
Homes in Bellaire have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in Bellaire was $315,000 in November 2024, up 15.2% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.5K | $143.1K | +39.6% |
| 2 Bedrooms | $243K | $255K | +4.9% |
| 3 Bedrooms | $272.7K | $360K | +32.0% |
| 4 Bedrooms | $395K | $440K | +11.4% |
| 5+ Bedrooms | $744.5K | $782.5K | +5.1% |
Summary: Bellaire housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.6%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 32%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
| Forest Home Township | $320K | $375K | +17.2% |
| Bellaire | $273.5K | $315K | +15.2% |
| Kearney Township | $247.5K | $265K | +7.1% |
Housing Supply in Bellaire, MI
How many homes are available in Bellaire, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 92 | 91 | -1.1% |
Summary: The Bellaire real estate market had 91 homes for sale in November 2024, a 1.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 12 | -14.3% |
| 2 Bedrooms | 27 | 24 | -11.1% |
| 3 Bedrooms | 34 | 39 | +14.7% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Bellaire housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bellaire, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Bellaire in November 2024, up by 18.2% month-over-month. Of the 13 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 61 Days | 124 Days | +102.7% |
Summary: Homes in Bellaire had an average of 124 days on market in Nov 2024, up by 102.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Bellaire are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 13 homes were sold in Bellaire; 8% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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