Is East Bay Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2022
At the same time last year, East Bay Township was a Seller's Market.
Key Takeaway
East Bay Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
How much do homes in East Bay Township, MI cost?
Median Sold Price
$367,500
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
Key Takeaway
Homes in East Bay Township have sold for 27% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | $170.5K | $340K | +99.4% |
| 2 Bedrooms | $216K | $245K | +13.4% |
| 3 Bedrooms | $305.9K | $352.5K | +15.2% |
| 4 Bedrooms | $305K | $502.5K | +64.8% |
| 5+ Bedrooms | $545K | $627K | +15.0% |
Median Sold Price Compared To Nearby Cities
| Williamsburg | $357.5K | $465K | +30.1% |
| East Bay Township | $289.4K | $367.5K | +27.0% |
| Traverse City | $349.9K | $417.6K | +19.3% |
| Acme Township | $365K | $415K | +13.7% |
How many homes are available in East Bay Township, MI?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 26 | 26 | 0.0% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Bay Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 110 Days | 72 Days | -34.6% |
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in East Bay Township are selling fast, if you're buying plan to act quickly.
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