$1,008 Closing Credit*
$84,900
1,392 SqFt
2 Beds
•1 Full Bath
#50163415, LAURIE CUMMINGS, Listing Office: FIRST WEBER, INC
Is Bessemer, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Bessemer was a Seller's Market.
Key Takeaway
Bessemer 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 Bessemer, MI
How much do homes in Bessemer, MI cost?
Median Sold Price
$164,950
$78/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$51,950(+46.0%)
Key Takeaway
Homes in Bessemer have sold for 46% more than they did a month ago.
Summary: The median home sold price in Bessemer was $164,950 in November 2024, up 46% from last month, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $113K | $89.9K | -20.4% |
| 4 Bedrooms | $91.5K | - | N/A |
| 5+ Bedrooms | $425K | $240K | -43.5% |
Summary: Bessemer housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 20.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 43.5%.
Median Sold Price Compared To Nearby Cities
| Bessemer | $113K | $164.9K | +46.0% |
| Bessemer Township | $115.1K | $164.9K | +43.3% |
Housing Supply in Bessemer, MI
How many homes are available in Bessemer, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Summary: The Bessemer real estate market had 12 homes for sale in November 2024, a 14.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Bessemer 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bessemer, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Bessemer in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Bessemer, MI
How long does it take to sell a home in Bessemer, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 41 Days | -18.6% |
Summary: Homes in Bessemer had an average of 41 days on market in Nov 2024, down by 18.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bessemer are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Bessemer; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.