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 March 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
$370,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Green Lake Township have sold for 19.5% more than they did a year ago.
Summary: The median home sold price in Green Lake Township was $370,000 in March 2024, up 19.5% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $119.5K | N/A |
| 2 Bedrooms | $92K | $248.5K | +170.1% |
| 3 Bedrooms | $307.2K | $369.9K | +20.4% |
| 4 Bedrooms | $547.5K | $437.2K | -20.1% |
| 5+ Bedrooms | - | $480K | N/A |
Summary: Green Lake Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 170.1%, 3 bedroom homes increased by 20.4%, 4 bedroom homes decreased by 20.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Interlochen | $289.9K | $347.5K | +19.9% |
| Green Lake Township | $309.5K | $370K | +19.5% |
Housing Supply in Green Lake Township, MI
How many homes are available in Green Lake Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 25 | +56.3% |
Summary: The Green Lake Township real estate market had 25 homes for sale in March 2024, a 56.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 1 | 7 | +600.0% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Green Lake Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 600%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
2 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. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Green Lake Township in March 2024, up by 200.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 36 Days | 113 Days | +213.9% |
Summary: Homes in Green Lake Township had an average of 113 days on market in Mar 2024, up by 213.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Green Lake Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 6 homes were sold in Green Lake Township; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
