Is Bridgeport, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bridgeport was a Seller's Market.
Key Takeaway
Bridgeport 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 Bridgeport, MI
How much do homes in Bridgeport, MI cost?
Median Sold Price
$158,950
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bridgeport have sold for 6.5% less than they did a year ago.
Summary: The median home sold price in Bridgeport was $158,950 in May 2024, down 6.5% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $65K | $71K | +9.2% |
| 3 Bedrooms | $162K | $173K | +6.8% |
| 4 Bedrooms | $180K | $164.9K | -8.4% |
| 5+ Bedrooms | $220K | - | N/A |
Summary: Bridgeport housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Buena Vista Charter Township | $57.9K | $72.2K | +24.7% |
| Frankenmuth Township | $289.5K | $301.5K | +4.1% |
| Bridgeport Charter Township | $124K | $128.5K | +3.6% |
| Bridgeport | $170K | $158.9K | -6.5% |
Housing Supply in Bridgeport, MI
How many homes are available in Bridgeport, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The Bridgeport real estate market had 14 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Bridgeport housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bridgeport, 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 Bridgeport in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Bridgeport, MI
How long does it take to sell a home in Bridgeport, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 126 Days | 16 Days | -87.0% |
Summary: Homes in Bridgeport had an average of 16 days on market in May 2024, down by 87% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bridgeport are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Bridgeport; 100% of homes were sold within 30 days, 0% 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. Copyright MiRealSource.