$2,672 Closing Credit*
$225,000
2,048 SqFt
4 Beds
•4 Full Baths
#50159600, SAMANTHA OLSON, Listing Office: ZAK'S REALTY
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
Since last month, Bessemer has remained a Seller's Market.
Key Takeaway
Bessemer is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bessemer, MI
How much do homes in Bessemer, MI cost?
Median Sold Price
$113,000
$84/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$18,455(-14.0%)
Key Takeaway
Homes in Bessemer have sold for 14% less than they did a month ago.
Summary: The median home sold price in Bessemer was $113,000 in October 2024, down 14% from last month, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $99.9K | - | N/A |
| 3 Bedrooms | $135K | $113K | -16.3% |
| 4 Bedrooms | $163K | $91.5K | -43.9% |
| 5+ Bedrooms | - | $425K | N/A |
Summary: Bessemer housing prices by bedroom type for October 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 16.3%, 4 bedroom homes decreased by 43.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bessemer | $131.4K | $113K | -14.0% |
| Bessemer Township | $131.4K | $113K | -14.0% |
Housing Supply in Bessemer, MI
How many homes are available in Bessemer, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Summary: The Bessemer real estate market had 16 homes for sale in October 2024, a 14.3% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Bessemer 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 remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
3 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 Bessemer, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Bessemer in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 51 Days | +264.3% |
Summary: Homes in Bessemer had an average of 51 days on market in Oct 2024, up by 264.3% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bessemer are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Bessemer; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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.