$2,363 Closing Credit*
$199,000
1,851 SqFt
3 Beds
•1 Full Bath
John Judge, Listing Office: Coldwell Banker Schmidt-Benzie
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
$234,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,000(-0.8%)
Key Takeaway
Homes in Bear Lake Township have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Bear Lake Township was $234,000 in November 2024, down 0.8% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $114.9K | +43.7% |
| 2 Bedrooms | $162K | $154.5K | -4.6% |
| 3 Bedrooms | $236.9K | $230K | -2.9% |
| 4 Bedrooms | $390K | $281K | -27.9% |
| 5+ Bedrooms | - | $392.4K | N/A |
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 4.6%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 27.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Grayling Charter Township | $165K | $182.5K | +10.6% |
| Frederic Township | $235K | $235.2K | 0.1% |
| Bear Lake Township | $236K | $234K | -0.8% |
| Frederic | $235K | $220K | -6.4% |
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 |
|---|---|---|
| 21 | 27 | +28.6% |
Summary: The Bear Lake Township real estate market had 27 homes for sale in November 2024, a 28.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 2 | 2 | 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 increased by 25%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
5 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 5 homes were sold or pending in Bear Lake Township in November 2024, up by 400.0% month-over-month. Of the 5 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 |
|---|---|---|
| 80 Days | 76 Days | -4.4% |
Summary: Homes in Bear Lake Township had an average of 76 days on market in Nov 2024, down by 4.4% 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, 5 homes were sold in Bear Lake Township; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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