Is Six Lakes, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Six Lakes has remained a Seller's Market.
Key Takeaway
Six Lakes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Six Lakes, MI
How much do homes in Six Lakes, MI cost?
Median Sold Price
$170,000
$161/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Six Lakes have sold for 31.3% more than they did a month ago.
Summary: The median home sold price in Six Lakes was $170,000 in April 2024, up 31.3% from last month, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $220K | N/A |
| 3 Bedrooms | $109K | $150K | +37.6% |
| 4 Bedrooms | $150K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Six Lakes housing prices by bedroom type for April 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 increased by 37.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Douglass Township | $175K | $232K | +32.6% |
| Six Lakes | $129.5K | $170K | +31.3% |
| Cato Township | $160K | $155K | -3.1% |
Housing Supply in Six Lakes, MI
How many homes are available in Six Lakes, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The Six Lakes real estate market had 9 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Six Lakes housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Six Lakes, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Six Lakes in April 2024, up by 150.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Six Lakes, MI
How long does it take to sell a home in Six Lakes, MI?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 64 Days | 12 Days | -80.8% |
Summary: Homes in Six Lakes had an average of 12 days on market in Apr 2024, down by 80.8% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Six Lakes are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Six Lakes; 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.
