Is Little Traverse Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Little Traverse Township has remained a Seller's Market.
Housing Prices in Little Traverse Township, MI
How much do homes in Little Traverse Township, MI cost?
Median Sold Price
$405,000
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Little Traverse Township was $405,000 in April 2024, down 1.2% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $288K | $200K | -30.6% |
2 Bedrooms | $362.5K | $320K | -11.7% |
3 Bedrooms | $380K | $390K | +2.6% |
4 Bedrooms | $579K | $662K | +14.3% |
5+ Bedrooms | $950K | - | N/A |
Summary: Little Traverse Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.6%, 2 bedroom homes decreased by 11.7%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Pleasantview Township | $330K | $450K | +36.4% |
West Traverse Township | $580K | $685.5K | +18.2% |
Harbor Springs | $455K | $525.3K | +15.5% |
Little Traverse Township | $410K | $405K | -1.2% |
Housing Supply in Little Traverse Township, MI
How many homes are available in Little Traverse Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Summary: The Little Traverse Township real estate market had 11 homes for sale in April 2024, a 37.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 0 | 3 | +100.0% |
3 Bedrooms | 3 | 2 | -33.3% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Little Traverse Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Little Traverse Township in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Little Traverse Township, MI
We’re sorry, we don't have information for this market at the moment