$9,797 Closing Credit*
$825,000
1,516 SqFt
3 Beds
•2 Full Baths, 1 Partial
Michael Cnudde, Listing Office: Coldwell Banker Professionals ALM Manistee
Is Bear Lake 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 Lake Township has remained a Seller's Market.
Key Takeaway
Bear Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bear Lake Township, MI
How much do homes in Bear Lake Township, MI cost?
Median Sold Price
$279,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$73,700(+35.9%)
Key Takeaway
Homes in Bear Lake Township have sold for 35.9% more than they did a year ago.
Summary: The median home sold price in Bear Lake Township was $279,000 in November 2024, up 35.9% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $114.9K | +43.7% |
| 2 Bedrooms | $238K | $139.5K | -41.4% |
| 3 Bedrooms | $205.3K | $281.5K | +37.1% |
| 4 Bedrooms | $235.9K | $281K | +19.1% |
| 5+ Bedrooms | $391K | $392.4K | 0.4% |
Summary: Bear Lake Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.7%, 2 bedroom homes decreased by 41.4%, 3 bedroom homes increased by 37.1%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Cities
| Bear Lake Township | $205.3K | $279K | +35.9% |
| Bear Lake | $210K | $268.7K | +28.0% |
Housing Supply in Bear Lake Township, MI
How many homes are available in Bear Lake Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Summary: The Bear Lake Township real estate market had 17 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 | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Bear Lake 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bear Lake Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Bear Lake Township in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Bear Lake Township, MI
How long does it take to sell a home in Bear Lake Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 63 Days | 76 Days | +21.4% |
Summary: Homes in Bear Lake Township had an average of 76 days on market in Nov 2024, up by 21.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bear Lake Township has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Bear Lake Township; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
