Is Green Lake Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Green Lake Township has remained a Seller's Market.
Key Takeaway
Green Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Green Lake Township, MI
How much do homes in Green Lake Township, MI cost?
Median Sold Price
$367,400
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Green Lake Township have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Green Lake Township was $367,400 in June 2024, up 8.1% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $54K | $185K | +242.6% |
| 2 Bedrooms | $92K | $262K | +184.8% |
| 3 Bedrooms | $340K | $364.9K | +7.3% |
| 4 Bedrooms | $402.9K | $432K | +7.2% |
| 5+ Bedrooms | - | $485K | N/A |
Summary: Green Lake Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 242.6%, 2 bedroom homes increased by 184.8%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Inland Township | $305.7K | $387.5K | +26.8% |
| Interlochen | $294.9K | $349.9K | +18.6% |
| Grawn | $315K | $358.5K | +13.8% |
| Green Lake Township | $340K | $367.4K | +8.1% |
| Long Lake Township | $494.5K | $459.2K | -7.1% |
Housing Supply in Green Lake Township, MI
How many homes are available in Green Lake Township, MI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 27 | 36 | +33.3% |
Summary: The Green Lake Township real estate market had 36 homes for sale in June 2024, a 33.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 11 | +57.1% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 6 | 10 | +66.7% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Green Lake Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 5 | 13 | +160.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Green Lake Township, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Green Lake Township in June 2024, up by 160.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% were sold over asking.
Days on Market for Green Lake Township, MI
How long does it take to sell a home in Green Lake Township, MI?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 51 Days | 69 Days | +35.9% |
Summary: Homes in Green Lake Township had an average of 69 days on market in Jun 2024, up by 35.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Green Lake Township has remained consistent over time.
Summary: During June 2024, 13 homes were sold in Green Lake Township; 8% of homes were sold within 30 days, 69% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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