Is East Bay Township, MI a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing East Bay Township is a 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



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

# BEDSFeb 2022Feb 2023%
1 $170.5K$340K
2 $216K$245K
3 $305.9K$352.5K
4 $305K$502.5K
5+ $545K$627K

Median Sold Price Compared To Nearby Cities

East Bay Township
Traverse City
Acme Township

How many homes are available in East Bay Township, MI?

Number of Homes For Sale

Jan 2023Feb 2023%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 00
2 67
3 1110
4 54
5+ 45

Number of Homes Sold

Jan 2023Feb 2023%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2022Feb 2023%
110 Days72 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in East Bay Township are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About East Bay Township, MI

Homes for sale in East Bay Township, MI have reached 26. The median list price of listings available in February 2023 was $367,500, while the average time on the real estate market was 72 days. From January 2023 through February 2023, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 99.4%, prices of 2 bedrooms properties went up by 13.4%, prices of 3 bedrooms properties went up by 15.2%, 4 bedrooms properties became 64.8% more expensive, prices of 5 bedrooms properties increased by 15%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes increased by 16.7%, 3 bedrooms homes became 9.1% less available, 4 bedrooms homes inventory decreased by 20%, number of 5 bedrooms homes increased by 25%. In February 2023 more than 2 listings in East Bay Township, MI were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below.

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