$2,969 Closing Credit*
$250,000
1,152 SqFt
3 Beds
•1 Full Bath
Kelly Clark, Listing Office: The Mitten Real Estate Group
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 September 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
$362,450
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$13,450(+3.9%)
Key Takeaway
Homes in Green Lake Township have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Green Lake Township was $362,450 in September 2024, up 3.9% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $119.5K | - | N/A |
| 2 Bedrooms | $139K | $282.7K | +103.4% |
| 3 Bedrooms | $363.9K | $342.5K | -5.9% |
| 4 Bedrooms | $395K | $453.7K | +14.9% |
| 5+ Bedrooms | $388K | $485K | +25.0% |
Summary: Green Lake Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 103.4%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
| Interlochen | $300K | $347.4K | +15.8% |
| Inland Township | $350K | $370K | +5.7% |
| Green Lake Township | $349K | $362.4K | +3.9% |
| Long Lake Township | $478.2K | $458.5K | -4.1% |
Housing Supply in Green Lake Township, MI
How many homes are available in Green Lake Township, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 35 | 37 | +5.7% |
Summary: The Green Lake Township real estate market had 37 homes for sale in September 2024, a 5.7% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 19 | 22 | +15.8% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Green Lake Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 7 | 15 | +114.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Green Lake Township in September 2024, up by 114.3% month-over-month. Of the 12 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 49 Days | 53 Days | +7.3% |
Summary: Homes in Green Lake Township had an average of 53 days on market in Sep 2024, up by 7.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Green Lake Township has remained consistent over time.
Summary: During September 2024, 15 homes were sold in Green Lake Township; 7% of homes were sold within 30 days, 73% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
