Housing Prices in Torch Lake Township, MI
How much do homes in Torch Lake Township, MI cost?
Median List Price
$569,000
$355/sqft
Based on all homes listed in the last 12 months.
Difference Since April 2023
Summary: The median home list price in Torch Lake Township was $569,000 in April 2024, up 11.6% from the previous year, and the median price per square foot was $355.
Median List Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $275K | $358K | +30.2% |
3 Bedrooms | $510K | $489K | -4.1% |
4 Bedrooms | $439.9K | $817K | +85.7% |
5+ Bedrooms | $2.8M | $1.4M | -47.3% |
Summary: Torch Lake Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.2%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 85.7%, and 5+ bedroom homes decreased by 47.3%.
Median List Price Compared To Nearby Cities
Torch Lake Township | $510K | $569K | +11.6% |
Kewadin | $439.9K | $469.9K | +6.8% |
Banks Township | $389K | $399.9K | +2.8% |
Central Lake Township | $342.4K | $240K | -29.9% |
Housing Supply in Torch Lake Township, MI
How many homes are available in Torch Lake Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 7 | +133.3% |
Summary: The Torch Lake Township real estate market had 7 homes for sale in April 2024, a 133.3% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 0 | 2 | +100.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Torch Lake Township 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 increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Days on Market for Torch Lake Township, MI
How long does it take to sell a home in Torch Lake Township, MI?
Average Listing Age
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
242 Days | 65 Days | -72.8% |
Summary: Homes in Torch Lake Township had an average listing age of 65 days in Apr 2024, down by 72.8% compared to the previous year.