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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bear Creek Township is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Bear Creek Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Bear Creek Township, MI

How much do homes in Bear Creek Township, MI cost?

Median Sold Price

$375,000

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$20,000(-5.1%)

Key Takeaway

Homes in Bear Creek Township have sold for 5.1% less than they did a year ago.

Summary: The median home sold price in Bear Creek Township was $375,000 in September 2024, down 5.1% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $210K$279.9K
+33.3%
2 $249.2K$294.9K
+18.3%
3 $392K$422.1K
+7.7%
4 $529K$560.2K
+5.9%
5+ $972.5K$918K
-5.6%

Summary: Bear Creek Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 18.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 5.6%.

Median Sold Price Compared To Nearby Cities

Resort Township
+35.9%
Petoskey
+4.6%
Little Traverse Township
+4.3%
Springvale Township
-4.1%
Bear Creek Township
-5.1%

Housing Supply in Bear Creek Township, MI

How many homes are available in Bear Creek Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3128-9.7%

Summary: The Bear Creek Township real estate market had 28 homes for sale in September 2024, a 9.7% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 88
0.0%
3 1814
-22.2%
4 24
+100.0%
5+ 32
-33.3%

Summary: The Bear Creek 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 22.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
112-81.8%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bear Creek Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Bear Creek Township in September 2024, down by 81.8% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Bear Creek Township, MI

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

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Bear Creek Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 2 homes were sold in Bear Creek Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 Bear Creek Township, MI

Nearby Markets to Bear Creek Township, MI

What housing markets are near Bear Creek Township, MI?