$5,105 Closing Credit*
$429,900
1,914 SqFt
3 Beds
•2 Full Baths
#50163044, Thomas J. Figlan, Listing Office: Real Estate One Chesterfield
Is New Baltimore, 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, New Baltimore was a Seller's Market.
Key Takeaway
New Baltimore is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New Baltimore, MI
How much do homes in New Baltimore, MI cost?
Median Sold Price
$400,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,500(+4.3%)
Key Takeaway
Homes in New Baltimore have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in New Baltimore was $400,000 in November 2024, up 4.3% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $303K | $230K | -24.1% |
| 3 Bedrooms | $380.4K | $397K | +4.4% |
| 4 Bedrooms | $474.9K | $503.5K | +6.0% |
| 5+ Bedrooms | - | $479.5K | N/A |
Summary: New Baltimore 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 decreased by 24.1%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Ira Township | $274.9K | $365K | +32.8% |
| Fair Haven | $274.9K | $365K | +32.8% |
| New Baltimore | $383.5K | $400K | +4.3% |
| Chesterfield Township | $305K | $315.2K | +3.4% |
Housing Supply in New Baltimore, MI
How many homes are available in New Baltimore, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 | 72 | -4.0% |
Summary: The New Baltimore real estate market had 72 homes for sale in November 2024, a 4.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 32 | 30 | -6.3% |
| 4 Bedrooms | 25 | 24 | -4.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The New Baltimore 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 increased by 7.1%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 7 | -63.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Baltimore, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in New Baltimore in November 2024, down by 63.2% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for New Baltimore, MI
How long does it take to sell a home in New Baltimore, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 86 Days | 108 Days | +25.8% |
Summary: Homes in New Baltimore had an average of 108 days on market in Nov 2024, up by 25.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Baltimore are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in New Baltimore; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% 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.