$4,156 Closing Credit*
$350,000
1,024 SqFt
1 Bed
•1 Full Bath
Mark Hagan, Listing Office: Coldwell Banker Schmidt Traverse City
Is Bingham 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, Bingham Township has remained a Seller's Market.
Key Takeaway
Bingham Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bingham Township, MI
How much do homes in Bingham Township, MI cost?
Median Sold Price
$729,000
$357/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$179,000(+32.5%)
Key Takeaway
Homes in Bingham Township have sold for 32.5% more than they did a month ago.
Summary: The median home sold price in Bingham Township was $729,000 in November 2024, up 32.5% from last month, and the median price per square foot was $357.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $975K | - | N/A |
| 3 Bedrooms | $360K | $729K | +102.5% |
| 4 Bedrooms | - | $912.5K | N/A |
| 5+ Bedrooms | $550K | - | N/A |
Summary: Bingham 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 increased by 102.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Bingham Township, MI
How many homes are available in Bingham Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The Bingham Township real estate market had 11 homes for sale in November 2024, a 8.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Bingham Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
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 Bingham 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 Bingham Township in November 2024, up by 66.7% 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 Bingham Township, MI
How long does it take to sell a home in Bingham Township, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 Days | 70 Days | -8.1% |
Summary: Homes in Bingham Township had an average of 70 days on market in Nov 2024, down by 8.1% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bingham Township has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Bingham Township; 0% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
