$3,680 Closing Credit*
$309,900
1,013 SqFt
2 Beds
•2 Full Baths
Sally Teal, Listing Office: Berkshire Hathaway HomeServices Michigan Real Estate - HS
Is Bear Creek Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Bear Creek Township has remained a Seller's Market.
Key Takeaway
Bear Creek Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bear Creek Township, MI
How much do homes in Bear Creek Township, MI cost?
Median Sold Price
$398,700
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$9,800(-2.4%)
Key Takeaway
Homes in Bear Creek Township have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Bear Creek Township was $398,700 in November 2024, down 2.4% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $279.9K | $230K | -17.8% |
| 2 Bedrooms | $248.5K | $298.8K | +20.3% |
| 3 Bedrooms | $408.5K | $400.5K | -2.0% |
| 4 Bedrooms | $655K | $537.5K | -17.9% |
| 5+ Bedrooms | $870K | $697K | -19.9% |
Summary: Bear Creek Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.8%, 2 bedroom homes increased by 20.3%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes decreased by 19.9%.
Median Sold Price Compared To Nearby Cities
| Resort Township | $440K | $535K | +21.6% |
| Petoskey | $425.7K | $450K | +5.7% |
| Little Traverse Township | $410K | $425K | +3.7% |
| Bear Creek Township | $408.5K | $398.7K | -2.4% |
Housing Supply in Bear Creek Township, MI
How many homes are available in Bear Creek Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 28 | 0.0% |
Summary: The Bear Creek Township real estate market had 28 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Bear Creek Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bear Creek Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Bear Creek Township in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Bear Creek Township, MI
We’re sorry, we don't have information for this market at the moment
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