$5,343 Closing Credit*
$449,900
2,205 SqFt
4 Beds
•2 Full Baths, 1 Partial
Terri Thiede, Listing Office: National Realty Centers, Inc
Is New Baltimore, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, New Baltimore has remained a Seller's Market.
Key Takeaway
New Baltimore is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Baltimore, MI
How much do homes in New Baltimore, MI cost?
Median Sold Price
$399,900
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,900(+3.9%)
Key Takeaway
Homes in New Baltimore have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in New Baltimore was $399,900 in October 2024, up 3.9% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $138K | - | N/A |
| 2 Bedrooms | $274K | $255K | -6.9% |
| 3 Bedrooms | $379.8K | $397K | +4.5% |
| 4 Bedrooms | $474.9K | $503.5K | +6.0% |
| 5+ Bedrooms | - | $479.5K | N/A |
Summary: New Baltimore housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Ira Township | $285K | $365K | +28.1% |
| Fair Haven | $285K | $365K | +28.1% |
| Chesterfield Township | $303K | $316K | +4.3% |
| New Baltimore | $385K | $399.9K | +3.9% |
Housing Supply in New Baltimore, MI
How many homes are available in New Baltimore, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 71 | 80 | +12.7% |
Summary: The New Baltimore real estate market had 80 homes for sale in October 2024, a 12.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 29 | 31 | +6.9% |
| 4 Bedrooms | 27 | 32 | +18.5% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The New Baltimore housing inventory by bedroom type for October 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 increased by 6.9%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 18 | -14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Baltimore, you could pay more than the asking price. 38.9% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in New Baltimore in October 2024, down by 14.3% month-over-month. Of the 18 sold homes, 33% were sold under asking, 28% were sold at asking, and 39% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 65 Days | +61.0% |
Summary: Homes in New Baltimore had an average of 65 days on market in Oct 2024, up by 61% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 18 homes were sold in New Baltimore; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% 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.