$8,608 Closing Credit*
$724,900
2,900 SqFt
3 Beds
•2 Full Baths
Stacy Allman, Listing Office: Keller Williams Northern Michi
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 Last Month
Last month, Bear Lake Township was a Seller's Market.
Key Takeaway
Bear Lake Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bear Lake Township, MI
How much do homes in Bear Lake Township, MI cost?
Median Sold Price
$875,000
$694/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$604,709(+223.7%)
Key Takeaway
Homes in Bear Lake Township have sold for 223.7% more than they did a month ago.
Summary: The median home sold price in Bear Lake Township was $875,000 in December 2024, up 223.7% from last month, and the median price per square foot was $694.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $200K | $875K | +337.5% |
| 4 Bedrooms | $641K | - | N/A |
| 5+ Bedrooms | $325.5K | - | N/A |
Summary: Bear Lake Township housing prices by bedroom type for December 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 increased by 337.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bear Lake Township | $270.2K | $875K | +223.7% |
| Bear Lake | $270.2K | $875K | +223.7% |
| Maple Grove Township | $182.9K | $270K | +47.6% |
Housing Supply in Bear Lake Township, MI
How many homes are available in Bear Lake Township, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The Bear Lake Township real estate market had 14 homes for sale in December 2024, a 12.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Bear Lake Township housing inventory by bedroom type for December 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 decreased by 20%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bear Lake Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Bear Lake Township in December 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% 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 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 66 Days | 47 Days | -28.8% |
Summary: Homes in Bear Lake Township had an average of 47 days on market in Dec 2024, down by 28.8% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bear Lake Township has remained consistent over time.
Summary: During December 2024, 1 homes were sold in Bear Lake Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
