$49,900
1.10 Acres
Land
#50163589, TAMMY KAURANEN, 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
Last month, Bessemer Township was a Seller's Market.
Key Takeaway
Bessemer Township 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 Township, MI
How much do homes in Bessemer Township, MI cost?
Median Sold Price
$164,950
$78/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$49,850(+43.3%)
Key Takeaway
Homes in Bessemer Township have sold for 43.3% more than they did a month ago.
Summary: The median home sold price in Bessemer Township was $164,950 in November 2024, up 43.3% 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 | $115.1K | $89.9K | -21.9% |
| 4 Bedrooms | $91.5K | - | N/A |
| 5+ Bedrooms | $425K | $240K | -43.5% |
Summary: Bessemer Township 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 21.9%, 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% |
| Wakefield | $95K | $80.7K | -15.0% |
Housing Supply in Bessemer Township, MI
How many homes are available in Bessemer Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Summary: The Bessemer Township real estate market had 13 homes for sale in November 2024, a 18.8% 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 | 8 | 7 | -12.5% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Bessemer Township 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 decreased by 12.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
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 Township, 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 Township in November 2024, down by 50.0% 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 Township, MI
How long does it take to sell a home in Bessemer Township, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 41 Days | -19.4% |
Summary: Homes in Bessemer Township had an average of 41 days on market in Nov 2024, down by 19.4% 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Bessemer Township; 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. 
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.