Is Bear Lake Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Bear Lake Township was a Buyer's Market.
Housing Prices in Bear Lake Township, MI
How much do homes in Bear Lake Township, MI cost?
Median Sold Price
$200,600
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Bear Lake Township was $200,600 in February 2024, down 12.6% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $80K | N/A |
2 Bedrooms | $219K | $211.5K | -3.4% |
3 Bedrooms | $227K | $205.3K | -9.6% |
4 Bedrooms | $392.5K | $191.9K | -51.1% |
5+ Bedrooms | $220K | $392.4K | +78.4% |
Summary: Bear Lake Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes decreased by 51.1%, and 5+ bedroom homes increased by 78.4%.
Median Sold Price Compared To Nearby Cities
Pleasanton Township | $240K | $275K | +14.6% |
Bear Lake Township | $229.5K | $200.6K | -12.6% |
Housing Supply in Bear Lake Township, MI
How many homes are available in Bear Lake Township, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
10 | 13 | +30.0% |
Summary: The Bear Lake Township real estate market had 13 homes for sale in February 2024, a 30.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Bear Lake Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1 | 6 | +500.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Bear Lake Township in February 2024, up by 500.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Bear Lake Township, MI
How long does it take to sell a home in Bear Lake Township, MI?
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 6 homes were sold in Bear Lake Township; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.