Is Harbor Springs, 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, Harbor Springs has remained a Seller's Market.
Housing Prices in Harbor Springs, MI
How much do homes in Harbor Springs, MI cost?
Median Sold Price
$525,300
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Harbor Springs was $525,300 in April 2024, up 15.5% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $291K | +57.3% |
2 Bedrooms | $373K | $527.2K | +41.4% |
3 Bedrooms | $455K | $482K | +5.9% |
4 Bedrooms | $530K | $862.5K | +62.7% |
5+ Bedrooms | $960K | $950K | -1.0% |
Summary: Harbor Springs housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.3%, 2 bedroom homes increased by 41.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 62.7%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Cities
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 Harbor Springs, MI
How many homes are available in Harbor Springs, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 67 | +39.6% |
Summary: The Harbor Springs real estate market had 67 homes for sale in April 2024, a 39.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 15 | 23 | +53.3% |
4 Bedrooms | 9 | 14 | +55.6% |
5+ Bedrooms | 13 | 18 | +38.5% |
Summary: The Harbor Springs housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 53.3%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes increased by 38.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 13 | +30.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Harbor Springs in April 2024, up by 30.0% month-over-month. Of the 13 sold homes, 38% were sold under asking, 23% were sold at asking, and 38% were sold over asking.
Days on Market for Harbor Springs, MI
We’re sorry, we don't have information for this market at the moment