$80,000
35.75 Acres
Land
#50155437, DICK WALRATH, Listing Office: STATE WIDE OF HOUGHTON
Is Carp 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, Carp Lake Township was a Neutral Market.
Key Takeaway
Carp Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Carp Lake Township, MI
How much do homes in Carp Lake Township, MI cost?
Median Sold Price
$260,000
$226/sqft
Based on all homes sold in August 2024.
Difference Since Last Month
+$50,000(+23.8%)
Key Takeaway
Homes in Carp Lake Township have sold for 23.8% more than they did a month ago.
Summary: The median home sold price in Carp Lake Township was $260,000 in August 2024, up 23.8% from last month, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $286K | $375K | +31.1% |
| 3 Bedrooms | $210K | $109.5K | -47.9% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Carp Lake Township housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 31.1%, 3 bedroom homes decreased by 47.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Carp Lake Township | $210K | $260K | +23.8% |
| Ontonagon Township | $172.4K | $145K | -15.9% |
Housing Supply in Carp Lake Township, MI
How many homes are available in Carp Lake Township, MI?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 19 | 19 | 0.0% |
Summary: The Carp Lake Township real estate market had 19 homes for sale in August 2024, the same as July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Carp Lake Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Carp Lake Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Carp Lake Township in August 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Carp Lake Township, MI
How long does it take to sell a home in Carp Lake Township, MI?
Average Sale Time
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 20 Days | 85 Days | +319.7% |
Summary: Homes in Carp Lake Township had an average of 85 days on market in Aug 2024, up by 319.7% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Carp Lake Township has remained consistent over time.
Summary: During August 2024, 4 homes were sold in Carp Lake Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
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