Bailey, MI Home Values & Market Trends
Real estate market trends reflect that there have been 15 transactions over the past year in Bailey. The median value for residential home transactions that occurred over the previous year is $276,983.75. The number of current listings in Bailey is 0, and the percentage of properties for sale in the city is 0.00%. Bailey, MI currently has 2 properties in foreclosure, 1 bank owned properties, 1 properties headed for auction, and 0 properties for sale.
Bailey, MI Real Estate Market Overview
Zip | Median Est. Value |
---|---|
49303 | $ -- $ -- |
Housing Market Summary for Bailey, MI
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $179.9K | $279.1K | 55.15% |
Median Sold Price | $242.4K | $279.1K | 15.17% |
Homes For Sale | 3 | 0 | -100.00% |
Homes Sold | 6 | 13 | 116.67% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Bailey, MI
Browse Homes in Bailey, MI
Bailey home values range from $27,449 to $981,825. The median estimated value of a home in Bailey is $276,983.75. The median list price of a home is 0, and the total count of properties in the city is 357.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Bailey, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Bailey, MI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Bailey, MI ranges from the highest value of $398,537 in 49303 to the lowest value of $398,537 in 49303. Bank owned homes and properties account for 0.28% of properties in Bailey, MI. There is 1 zips within Bailey, MI; 49303 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions49303 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Bailey, MI. Auction homes and other auction properties account for 0.28% of all properties in Bailey, MI. There is 1 zips within Bailey, MI; of that zips, the median estimated home value for homes going to auction ranges from $183,169 in 49303 to the lowest value of $183,169 in 49303.
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Guide for Bailey, MI
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
Why Buying a Foreclosure is a Smart Move
Information on foreclosure financing, refinancing, and foreclosure mortgages.