$1,128 Closing Credit*
$95,000
1,356 SqFt
3 Beds
•2 Full Baths, 1 Partial
#50155655, LAURIE CUMMINGS, Listing Office: FIRST WEBER, INC
Is Bessemer Township, 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 Township has remained a Seller's Market.
Key Takeaway
Bessemer Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bessemer Township, MI
How much do homes in Bessemer Township, MI cost?
Median Sold Price
$170,000
$113/sqft
Based on all homes sold in August 2024.
Difference Since Last Month
+$87,000(+104.8%)
Key Takeaway
Homes in Bessemer Township have sold for 104.8% more than they did a month ago.
Summary: The median home sold price in Bessemer Township was $170,000 in August 2024, up 104.8% from last month, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $99.9K | $152.5K | +52.7% |
| 3 Bedrooms | $80K | $170K | +112.5% |
| 4 Bedrooms | $59.2K | $165K | +178.5% |
| 5+ Bedrooms | - | $224K | N/A |
Summary: Bessemer Township housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 52.7%, 3 bedroom homes increased by 112.5%, 4 bedroom homes increased by 178.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bessemer Township | $83K | $170K | +104.8% |
| Bessemer | $86K | $170K | +97.7% |
| Wakefield | $111K | $87.5K | -21.2% |
Housing Supply in Bessemer Township, MI
How many homes are available in Bessemer Township, MI?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Summary: The Bessemer Township real estate market had 20 homes for sale in August 2024, a 5.3% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Bessemer Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were 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 Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Bessemer Township in August 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Bessemer Township, MI
How long does it take to sell a home in Bessemer Township, MI?
Average Sale Time
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 20 Days | 17 Days | -13.2% |
Summary: Homes in Bessemer Township had an average of 17 days on market in Aug 2024, down by 13.2% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bessemer Township are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 5 homes were sold in Bessemer Township; 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.