Is Bridgeport Charter Township, 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 Charter Township was a Seller's Market.
Housing Prices in Bridgeport Charter Township, MI
How much do homes in Bridgeport Charter Township, MI cost?
Median Sold Price
$128,500
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bridgeport Charter Township was $128,500 in May 2024, up 3.6% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $128K | $103.5K | -19.1% |
2 Bedrooms | $71K | $55K | -22.5% |
3 Bedrooms | $119K | $134.9K | +13.4% |
4 Bedrooms | $179.5K | $171.5K | -4.5% |
5+ Bedrooms | $150K | $217K | +44.7% |
Summary: Bridgeport Charter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.1%, 2 bedroom homes decreased by 22.5%, 3 bedroom homes increased by 13.4%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 44.7%.
Median Sold Price Compared To Nearby Cities
Buena Vista Charter Township | $57.9K | $72.2K | +24.7% |
Saginaw | $118.9K | $137.5K | +15.7% |
Burt | $157K | $180K | +14.6% |
Bridgeport Charter Township | $124K | $128.5K | +3.6% |
Bridgeport | $170K | $158.9K | -6.5% |
Housing Supply in Bridgeport Charter Township, MI
How many homes are available in Bridgeport Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 31 | +3.3% |
Summary: The Bridgeport Charter Township real estate market had 31 homes for sale in May 2024, a 3.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 7 | 5 | -28.6% |
3 Bedrooms | 12 | 15 | +25.0% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Bridgeport Charter Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Bridgeport Charter Township in May 2024, down by 28.6% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Bridgeport Charter Township, MI
How long does it take to sell a home in Bridgeport Charter Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
89 Days | 14 Days | -83.7% |
Summary: Homes in Bridgeport Charter Township had an average of 14 days on market in May 2024, down by 83.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Bridgeport Charter Township; 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.