Is Long Lake Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2022
Since last year, Long Lake Township has remained a Seller's Market.
Key Takeaway
Long Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Long Lake Township, MI cost?
Median Sold Price
$440,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
Key Takeaway
Homes in Long Lake Township have sold for 17.3% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $342.5K | $439.5K | +28.3% |
| 3 Bedrooms | $345K | $400K | +15.9% |
| 4 Bedrooms | $445K | $462.5K | +3.9% |
| 5+ Bedrooms | $571.7K | $697K | +21.9% |
Median Sold Price Compared To Nearby Cities
| Green Lake Township | $261.2K | $345K | +32.1% |
| Interlochen | $240K | $312.2K | +30.1% |
| Long Lake Township | $375K | $440K | +17.3% |
| Garfield Charter Township | $332.5K | $350K | +5.3% |
How many homes are available in Long Lake Township, MI?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 16 | 22 | +37.5% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Long Lake Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 39 Days | 73 Days | +85.3% |
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Long Lake Township has remained consistent over time.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.