Is Green Lake Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Green Lake Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Green Lake Township was a Seller's Market.

Key Takeaway

Green Lake Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Green Lake Township, MI

How much do homes in Green Lake Township, MI cost?

Median Sold Price

$294,750

$294/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$150,250(-33.8%)

Key Takeaway

Homes in Green Lake Township have sold for 33.8% less than they did a month ago.

Summary: The median home sold price in Green Lake Township was $294,750 in February 2024, down 33.8% from last month, and the median price per square foot was $294.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 -$294.7K
N/A
3 $390K-
N/A
4 --
N/A
5+ $500K-
N/A

Summary: Green Lake Township housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Grawn
+25.4%
Long Lake Township
+16.7%
Interlochen
-26.4%
Green Lake Township
-33.8%

Housing Supply in Green Lake Township, MI

How many homes are available in Green Lake Township, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1416+14.3%

Summary: The Green Lake Township real estate market had 16 homes for sale in February 2024, a 14.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 21
-50.0%
4 37
+133.3%
5+ 63
-50.0%

Summary: The Green Lake Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Green Lake Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Green Lake Township in February 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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

Jan 2024Feb 2024CHANGE
164 Days25 Days-84.8%

Summary: Homes in Green Lake Township had an average of 25 days on market in Feb 2024, down by 84.8% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 2 homes were sold in Green Lake Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 4 Days Ago

Newest Listings in Green Lake Township, MI

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