Is Bagley 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, Bagley Township was a Seller's Market.
Key Takeaway
Bagley Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bagley Township, MI
How much do homes in Bagley Township, MI cost?
Median Sold Price
$248,500
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bagley Township have sold for 7.7% less than they did a year ago.
Summary: The median home sold price in Bagley Township was $248,500 in May 2024, down 7.7% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $282K | $64.9K | -77.0% |
| 2 Bedrooms | $137.5K | $195K | +41.8% |
| 3 Bedrooms | $250K | $245K | -2.0% |
| 4 Bedrooms | $322.5K | $390K | +20.9% |
| 5+ Bedrooms | $392K | $335.5K | -14.4% |
Summary: Bagley Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 77%, 2 bedroom homes increased by 41.8%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes decreased by 14.4%.
Median Sold Price Compared To Nearby Cities
| Otsego Lake Township | $250K | $292K | +16.8% |
| Chester Township | $200K | $223.5K | +11.8% |
| Gaylord | $260K | $252K | -3.1% |
| Bagley Township | $269.2K | $248.5K | -7.7% |
Housing Supply in Bagley Township, MI
How many homes are available in Bagley Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 38 | +18.8% |
Summary: The Bagley Township real estate market had 38 homes for sale in May 2024, a 18.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 15 | 23 | +53.3% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Bagley Township 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 42.9%, 3 bedroom homes increased by 53.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bagley Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Bagley Township in May 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Bagley Township, MI
We’re sorry, we don't have information for this market at the moment
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The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved