Is Bath, 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, Bath has remained a Seller's Market.
Key Takeaway
Bath is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bath, MI
How much do homes in Bath, MI cost?
Median Sold Price
$285,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bath have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Bath was $285,000 in May 2024, up 5.6% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $140.4K | N/A |
| 2 Bedrooms | $229K | $185K | -19.2% |
| 3 Bedrooms | $260K | $266.5K | +2.5% |
| 4 Bedrooms | $337.4K | $342.9K | +1.6% |
| 5+ Bedrooms | $290K | $525K | +81.0% |
Summary: Bath housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.2%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 81%.
Median Sold Price Compared To Nearby Cities
| Victor Township | $265K | $319.2K | +20.5% |
| East Lansing | $265.4K | $289.9K | +9.2% |
| Bath Charter Township | $328.6K | $349.9K | +6.5% |
| Bath | $270K | $285K | +5.6% |
| DeWitt Charter Township | $335K | $330.4K | -1.4% |
Housing Supply in Bath, MI
How many homes are available in Bath, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 18 | -18.2% |
Summary: The Bath real estate market had 18 homes for sale in May 2024, a 18.2% 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 | 7 | 7 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Bath 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 remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bath, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Bath in May 2024, up by 60.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Bath, MI
How long does it take to sell a home in Bath, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 30 Days | +79.9% |
Summary: Homes in Bath had an average of 30 days on market in May 2024, up by 79.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bath are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Bath; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.