Is Harbor Springs, 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, Harbor Springs has remained a Seller's Market.
Key Takeaway
Harbor Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Harbor Springs, MI
How much do homes in Harbor Springs, MI cost?
Median Sold Price
$499,500
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Harbor Springs have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Harbor Springs was $499,500 in March 2024, up 0.9% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $282.5K | +61.4% |
| 2 Bedrooms | $440K | $430K | -2.3% |
| 3 Bedrooms | $537K | $448.5K | -16.5% |
| 4 Bedrooms | $625K | $750K | +20.0% |
| 5+ Bedrooms | $960K | $950K | -1.0% |
Summary: Harbor Springs housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.4%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes decreased by 16.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Cities
| West Traverse Township | $600K | $632.6K | +5.4% |
| Harbor Springs | $495K | $499.5K | +0.9% |
| Little Traverse Township | $410K | $405K | -1.2% |
Housing Supply in Harbor Springs, MI
How many homes are available in Harbor Springs, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 54 | 49 | -9.3% |
Summary: The Harbor Springs real estate market had 49 homes for sale in March 2024, a 9.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 12 | 7 | -41.7% |
| 3 Bedrooms | 18 | 15 | -16.7% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 7 | 13 | +85.7% |
Summary: The Harbor Springs 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 decreased by 41.7%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes increased by 85.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Harbor Springs, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Harbor Springs in March 2024, down by 35.7% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Harbor Springs, MI
We’re sorry, we don't have information for this market at the moment
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