Is Suttons Bay, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Suttons Bay was a Buyer's Market.
Housing Prices in Suttons Bay, MI
How much do homes in Suttons Bay, MI cost?
Median Sold Price
$865,000
$353/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Suttons Bay was $865,000 in April 2024, up 2.7% from last month, and the median price per square foot was $353.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $842K | - | N/A |
3 Bedrooms | - | $865K | N/A |
4 Bedrooms | - | $822.5K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Suttons Bay housing prices by bedroom type for April 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Suttons Bay | $842K | $865K | +2.7% |
Suttons Bay Township | $871K | $865K | -0.7% |
Housing Supply in Suttons Bay, MI
How many homes are available in Suttons Bay, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 16 | +23.1% |
Summary: The Suttons Bay real estate market had 16 homes for sale in April 2024, a 23.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 5 | 8 | +60.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Suttons Bay housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Suttons Bay in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Suttons Bay, MI
How long does it take to sell a home in Suttons Bay, MI?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 32 Days | +30.7% |
Summary: Homes in Suttons Bay had an average of 32 days on market in Apr 2024, up by 30.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Suttons Bay; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.