Is Bridgewater 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, Bridgewater Township was a Seller's Market.
Key Takeaway
Bridgewater Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Bridgewater Township, MI
How much do homes in Bridgewater Township, MI cost?
Median Sold Price
$443,500
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bridgewater Township have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Bridgewater Township was $443,500 in May 2024, up 10.5% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $401.2K | $335K | -16.5% |
| 3 Bedrooms | $378.5K | $451K | +19.2% |
| 4 Bedrooms | $335K | - | N/A |
| 5+ Bedrooms | $1.8M | $319.4K | -82.3% |
Summary: Bridgewater Township 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 16.5%, 3 bedroom homes increased by 19.2%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 82.3%.
Median Sold Price Compared To Nearby Cities
| Bridgewater Township | $401.2K | $443.5K | +10.5% |
| Lodi Township | $515K | $525K | +1.9% |
| Saline Township | $425K | $420K | -1.2% |
Housing Supply in Bridgewater Township, MI
How many homes are available in Bridgewater Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Summary: The Bridgewater Township real estate market had 7 homes for sale in May 2024, a 75.0% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bridgewater 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 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bridgewater Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Bridgewater Township in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Bridgewater Township, MI
How long does it take to sell a home in Bridgewater Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 36 Days | +30.1% |
Summary: Homes in Bridgewater Township had an average of 36 days on market in May 2024, up by 30.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bridgewater Township has remained consistent over time.
Summary: During May 2024, 1 homes were sold in Bridgewater Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
