Is Tawas Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tawas Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Tawas Township was a Seller's Market.

Key Takeaway

Tawas Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Tawas Township, MI

How much do homes in Tawas Township, MI cost?

Median Sold Price

$150,000

$111/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$57,625(+62.4%)

Key Takeaway

Homes in Tawas Township have sold for 62.4% more than they did a month ago.

Summary: The median home sold price in Tawas Township was $150,000 in September 2024, up 62.4% from last month, and the median price per square foot was $111.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 $85K$150K
+76.5%
4 --
N/A
5+ $247.8K-
N/A

Summary: Tawas Township housing prices by bedroom type for September 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 76.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Tawas Township
+62.4%
Alabaster Township
-63.8%

Housing Supply in Tawas Township, MI

How many homes are available in Tawas Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1410-28.6%

Summary: The Tawas Township real estate market had 10 homes for sale in September 2024, a 28.6% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 33
0.0%
3 85
-37.5%
4 22
0.0%
5+ 10
-100.0%

Summary: The Tawas Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tawas 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 Tawas Township in September 2024, down by 75.0% 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 Tawas Township, MI

How long does it take to sell a home in Tawas Township, MI?

Average Sale Time

Aug 2024Sep 2024CHANGE
53 Days55 Days+3.8%

Summary: Homes in Tawas Township had an average of 55 days on market in Sep 2024, up by 3.8% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Tawas Township has remained consistent over time.

Summary: During September 2024, 1 homes were sold in Tawas Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Tawas Township, MI

Nearby Markets to Tawas Township, MI

What housing markets are near Tawas Township, MI?