Is Suttons Bay Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Suttons Bay Township was a Seller's Market.
Key Takeaway
Suttons Bay Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Suttons Bay Township, MI
How much do homes in Suttons Bay Township, MI cost?
Median Sold Price
$900,000
$285/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Suttons Bay Township have sold for 36.9% more than they did a month ago.
Summary: The median home sold price in Suttons Bay Township was $900,000 in March 2024, up 36.9% from last month, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $506K | - | N/A |
| 4 Bedrooms | $1.4M | - | N/A |
| 5+ Bedrooms | - | $900K | N/A |
Summary: Suttons Bay Township housing prices by bedroom type for March 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
| Lake Leelanau | $700K | $1.0M | +56.8% |
| Suttons Bay Township | $657.5K | $900K | +36.9% |
Housing Supply in Suttons Bay Township, MI
How many homes are available in Suttons Bay Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The Suttons Bay Township real estate market had 14 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Suttons Bay Township 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Suttons Bay Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Suttons Bay Township in March 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Suttons Bay Township, MI
How long does it take to sell a home in Suttons Bay Township, MI?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 132 Days | 129 Days | -2.5% |
Summary: Homes in Suttons Bay Township had an average of 129 days on market in Mar 2024, down by 2.5% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Suttons Bay Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 1 homes were sold in Suttons Bay Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
