Is Tawas City, 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, Tawas City has remained a Seller's Market.
Key Takeaway
Tawas City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tawas City, MI
How much do homes in Tawas City, MI cost?
Median Sold Price
$209,500
$118/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Tawas City have sold for 55.3% more than they did a month ago.
Summary: The median home sold price in Tawas City was $209,500 in April 2024, up 55.3% from last month, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $134.9K | $169K | +25.3% |
| 3 Bedrooms | $215K | $250K | +16.3% |
| 4 Bedrooms | $65K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Tawas City 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 increased by 25.3%, 3 bedroom homes increased by 16.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Tawas Township | $65K | $250K | +284.6% |
| Tawas City | $134.9K | $209.5K | +55.3% |
| East Tawas | $190.7K | $270K | +41.5% |
Housing Supply in Tawas City, MI
How many homes are available in Tawas City, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Summary: The Tawas City real estate market had 18 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Tawas City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tawas City, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Tawas City in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Tawas City, MI
How long does it take to sell a home in Tawas City, MI?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 65 Days | +148.1% |
Summary: Homes in Tawas City had an average of 65 days on market in Apr 2024, up by 148.1% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tawas City has remained consistent over time.
Summary: During April 2024, 4 homes were sold in Tawas City; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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