Is Glen Arbor Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Glen Arbor Township was a Neutral Market.
Key Takeaway
Glen Arbor Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glen Arbor Township, MI
How much do homes in Glen Arbor Township, MI cost?
Median Sold Price
$588,000
$288/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Glen Arbor Township have sold for 63.2% less than they did a month ago.
Summary: The median home sold price in Glen Arbor Township was $588,000 in May 2024, down 63.2% from last month, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $850K | N/A |
| 3 Bedrooms | $1.6M | $326K | -79.6% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Glen Arbor Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 79.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Empire Township | $1.0M | $1.2M | +19.3% |
| Glen Arbor Township | $1.6M | $588K | -63.2% |
Housing Supply in Glen Arbor Township, MI
How many homes are available in Glen Arbor Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Summary: The Glen Arbor Township real estate market had 6 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Glen Arbor 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Glen Arbor Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Glen Arbor Township in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Glen Arbor Township, MI
How long does it take to sell a home in Glen Arbor Township, MI?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 47 Days | +74.1% |
Summary: Homes in Glen Arbor Township had an average of 47 days on market in May 2024, up by 74.1% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Glen Arbor Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Glen Arbor Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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