Is Bedford 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
Since last year, Bedford Charter Township has remained a Seller's Market.
Housing Prices in Bedford Charter Township, MI
How much do homes in Bedford Charter Township, MI cost?
Median Sold Price
$206,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bedford Charter Township was $206,000 in May 2024, up 35.5% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $238K | $375K | +57.6% |
2 Bedrooms | $118K | $135K | +14.4% |
3 Bedrooms | $150K | $211.2K | +40.8% |
4 Bedrooms | $236.2K | $260K | +10.1% |
5+ Bedrooms | $700K | $274K | -60.9% |
Summary: Bedford Charter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.6%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 40.8%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 60.9%.
Median Sold Price Compared To Nearby Cities
Bedford Charter Township | $152K | $206K | +35.5% |
Battle Creek | $159.9K | $175.1K | +9.5% |
Pennfield Charter Township | $190K | $203K | +6.8% |
Springfield | $145K | $138K | -4.8% |
Ross Township | $430K | $375K | -12.8% |
Housing Supply in Bedford Charter Township, MI
How many homes are available in Bedford Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 19 | -13.6% |
Summary: The Bedford Charter Township real estate market had 19 homes for sale in May 2024, a 13.6% decrease 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 | 3 | 5 | +66.7% |
3 Bedrooms | 15 | 13 | -13.3% |
4 Bedrooms | 4 | 1 | -75.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bedford Charter 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 increased by 66.7%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 4 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Bedford Charter Township in May 2024, down by 66.7% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Bedford Charter Township, MI
How long does it take to sell a home in Bedford Charter Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 24 Days | +85.6% |
Summary: Homes in Bedford Charter Township had an average of 24 days on market in May 2024, up by 85.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Bedford Charter Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.