Housing Prices in Torch Lake Township, MI

How much do homes in Torch Lake Township, MI cost?

Median List Price

$569,000

$355/sqft

Based on all homes listed in the last 12 months.

Difference Since April 2023

+$59,000(+11.6%)

Key Takeaway

The list price of homes in Torch Lake Township has increased by 11.6% since last year.

Summary: The median home list price in Torch Lake Township was $569,000 in April 2024, up 11.6% from the previous year, and the median price per square foot was $355.

Median List Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $275K$358K
+30.2%
3 $510K$489K
-4.1%
4 $439.9K$817K
+85.7%
5+ $2.8M$1.4M
-47.3%

Summary: Torch Lake Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.2%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 85.7%, and 5+ bedroom homes decreased by 47.3%.

Median List Price Compared To Nearby Cities

Torch Lake Township
+11.6%
Kewadin
+6.8%
Banks Township
+2.8%
Central Lake Township
-29.9%

Housing Supply in Torch Lake Township, MI

How many homes are available in Torch Lake Township, MI?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
37+133.3%

Summary: The Torch Lake Township real estate market had 7 homes for sale in April 2024, a 133.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 02
+100.0%
4 00
0.0%
5+ 23
+50.0%

Summary: The Torch Lake Township 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 100%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Days on Market for Torch Lake Township, MI

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

Average Listing Age

Apr 2023Apr 2024CHANGE
242 Days65 Days-72.8%

Summary: Homes in Torch Lake Township had an average listing age of 65 days in Apr 2024, down by 72.8% compared to the previous year.

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

Report Updated 16 Days Ago

Newest Listings in Torch Lake Township, MI

Nearby Markets to Torch Lake Township, MI

What housing markets are near Torch Lake Township, MI?