$3,147 Closing Credit*
$265,000
2,378 SqFt
4 Beds
•3 Full Baths
Douglas Wortman, Listing Office: @properties Christies International R.E.
Is Bridgman, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Bridgman was a Seller's Market.
Key Takeaway
Bridgman 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 Bridgman, MI
How much do homes in Bridgman, MI cost?
Median Sold Price
$291,500
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$37,950(-11.5%)
Key Takeaway
Homes in Bridgman have sold for 11.5% less than they did a year ago.
Summary: The median home sold price in Bridgman was $291,500 in November 2024, down 11.5% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $194.9K | $200K | +2.6% |
| 3 Bedrooms | $329K | $284.9K | -13.4% |
| 4 Bedrooms | $408K | $389.7K | -4.5% |
| 5+ Bedrooms | $455K | $580.5K | +27.6% |
Summary: Bridgman housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.6%, 3 bedroom homes decreased by 13.4%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 27.6%.
Median Sold Price Compared To Nearby Cities
| Sawyer | $443K | $490K | +10.6% |
| Lake Charter Township | $190K | $170K | -10.5% |
| Bridgman | $329.4K | $291.5K | -11.5% |
Housing Supply in Bridgman, MI
How many homes are available in Bridgman, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 21 | -12.5% |
Summary: The Bridgman real estate market had 21 homes for sale in November 2024, a 12.5% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 14 | 9 | -35.7% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Bridgman 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 35.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
2 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 Bridgman, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Bridgman in November 2024, down by 62.5% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Bridgman, MI
How long does it take to sell a home in Bridgman, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 59 Days | +456.3% |
Summary: Homes in Bridgman had an average of 59 days on market in Nov 2024, up by 456.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bridgman has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Bridgman; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
