Is Green Lake Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Green Lake Township has remained a Seller's Market.
Housing Prices in Green Lake Township, MI
How much do homes in Green Lake Township, MI cost?
Median Sold Price
$358,500
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Green Lake Township was $358,500 in May 2024, down 3.1% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $119.5K | N/A |
2 Bedrooms | $92K | $279K | +203.3% |
3 Bedrooms | $355K | $358K | +0.8% |
4 Bedrooms | $509.5K | $417.4K | -18.1% |
5+ Bedrooms | - | $482.5K | N/A |
Summary: Green Lake Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 203.3%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 18.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Interlochen | $294.9K | $349.9K | +18.6% |
Green Lake Township | $370K | $358.5K | -3.1% |
Long Lake Township | $475K | $459.2K | -3.3% |
Housing Supply in Green Lake Township, MI
How many homes are available in Green Lake Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 27 | -12.9% |
Summary: The Green Lake Township real estate market had 27 homes for sale in May 2024, a 12.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 14 | 11 | -21.4% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Green Lake Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 6 | -45.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Green Lake Township in May 2024, down by 45.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Green Lake Township, MI
How long does it take to sell a home in Green Lake Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
75 Days | 30 Days | -59.7% |
Summary: Homes in Green Lake Township had an average of 30 days on market in May 2024, down by 59.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Green Lake Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.