Is Baroda Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Baroda Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Baroda Township was a Buyer's Market.

Key Takeaway

Baroda Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Baroda Township, MI

How much do homes in Baroda Township, MI cost?

Median Sold Price

$525,000

$223/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$390,000(+288.9%)

Key Takeaway

Homes in Baroda Township have sold for 288.9% more than they did a month ago.

Summary: The median home sold price in Baroda Township was $525,000 in May 2024, up 288.9% from last month, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 $135K$581K
+330.4%
4 -$280K
N/A
5+ -$525K
N/A

Summary: Baroda Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 330.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Baroda Township
+288.9%
Baroda
+288.9%

Housing Supply in Baroda Township, MI

How many homes are available in Baroda Township, MI?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1012+20.0%

Summary: The Baroda Township real estate market had 12 homes for sale in May 2024, a 20.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 00
0.0%
3 32
-33.3%
4 34
+33.3%
5+ 45
+25.0%

Summary: The Baroda Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Apr 2024May 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Baroda Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Baroda Township in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Baroda Township, MI

How long does it take to sell a home in Baroda Township, MI?

Average Sale Time

Apr 2024May 2024CHANGE
38 Days113 Days+198.2%

Summary: Homes in Baroda Township had an average of 113 days on market in May 2024, up by 198.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Baroda Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 3 homes were sold in Baroda Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Baroda Township, MI

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