$4,156 Closing Credit*
$350,000
1,474 SqFt
3 Beds
•1 Full Bath
Matthew Dakoske, Listing Office: REMAX Bayshore - Union St TC
Is East Bay Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, East Bay Township has remained a Seller's Market.
Key Takeaway
East Bay Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Bay Township, MI
How much do homes in East Bay Township, MI cost?
Median Sold Price
$429,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$44,000(+11.4%)
Key Takeaway
Homes in East Bay Township have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in East Bay Township was $429,000 in October 2024, up 11.4% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $312K | -4.0% |
| 2 Bedrooms | $277.5K | $243K | -12.5% |
| 3 Bedrooms | $350K | $338K | -3.4% |
| 4 Bedrooms | $485K | $573.4K | +18.2% |
| 5+ Bedrooms | $660.2K | $749K | +13.4% |
Summary: East Bay Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 13.4%.
Median Sold Price Compared To Nearby Cities
| Whitewater Township | $397K | $530K | +33.5% |
| Williamsburg | $419K | $543K | +29.6% |
| Acme Township | $419K | $497.5K | +18.7% |
| East Bay Township | $385K | $429K | +11.4% |
| Traverse City | $434K | $446.7K | +2.9% |
Housing Supply in East Bay Township, MI
How many homes are available in East Bay Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 | 68 | +3.0% |
Summary: The East Bay Township real estate market had 68 homes for sale in October 2024, a 3.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 23 | 24 | +4.3% |
| 5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The East Bay 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 increased by 17.6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Bay Township, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in East Bay Township in October 2024, up by 21.4% month-over-month. Of the 15 sold homes, 53% were sold under asking, 13% were sold at asking, and 33% were sold over asking.
Days on Market for East Bay Township, MI
How long does it take to sell a home in East Bay Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 55 Days | +22.4% |
Summary: Homes in East Bay Township had an average of 55 days on market in Oct 2024, up by 22.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in East Bay Township has remained consistent over time.
Summary: During October 2024, 17 homes were sold in East Bay Township; 29% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.