Is Carp Lake Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carp Lake Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Carp Lake Township has remained a Seller's 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

$225,000

$167/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$250,000(-52.6%)

Key Takeaway

Homes in Carp Lake Township have sold for 52.6% less than they did a month ago.

Summary: The median home sold price in Carp Lake Township was $225,000 in October 2024, down 52.6% from last month, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$225K
N/A
3 $475K-
N/A
4 --
N/A
5+ --
N/A

Summary: Carp Lake Township housing prices by bedroom type for October 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Carp Lake Township
-52.6%
Carp Lake
-52.6%

Housing Supply in Carp Lake Township, MI

How many homes are available in Carp Lake Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
75-28.6%

Summary: The Carp Lake Township real estate market had 5 homes for sale in October 2024, a 28.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 31
-66.7%
4 00
0.0%
5+ 00
0.0%

Summary: The Carp Lake Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carp 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 2 homes were sold or pending in Carp Lake Township in October 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Carp Lake Township, MI

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Carp Lake Township, MI

Nearby Markets to Carp Lake Township, MI