Is Bellaire, 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, Bellaire was a Seller's Market.
Housing Prices in Bellaire, MI
How much do homes in Bellaire, MI cost?
Median Sold Price
$315,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bellaire was $315,000 in May 2024, up 17.3% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $114K | $110K | -3.5% |
2 Bedrooms | $243K | $248.2K | +2.2% |
3 Bedrooms | $230K | $320K | +39.1% |
4 Bedrooms | $505K | $390K | -22.8% |
5+ Bedrooms | $750K | $744.5K | -0.7% |
Summary: Bellaire housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 39.1%, 4 bedroom homes decreased by 22.8%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Cities
Kearney Township | $230K | $305K | +32.6% |
Bellaire | $268.5K | $315K | +17.3% |
Forest Home Township | $407.5K | $337.5K | -17.2% |
Housing Supply in Bellaire, MI
How many homes are available in Bellaire, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
60 | 60 | 0.0% |
Summary: The Bellaire real estate market had 60 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 13 | +18.2% |
2 Bedrooms | 20 | 19 | -5.0% |
3 Bedrooms | 15 | 18 | +20.0% |
4 Bedrooms | 12 | 10 | -16.7% |
5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Bellaire housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 9 | -47.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Bellaire in May 2024, down by 47.1% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.
Days on Market for Bellaire, MI
How long does it take to sell a home in Bellaire, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 49 Days | +28.0% |
Summary: Homes in Bellaire had an average of 49 days on market in May 2024, up by 28% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Bellaire; 11% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.