$42,900
0.34 Acres
Land
Karlie Acton, 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 November 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
$431,250
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,475(+6.5%)
Key Takeaway
Homes in East Bay Township have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in East Bay Township was $431,250 in November 2024, up 6.5% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217.5K | $312K | +43.4% |
| 2 Bedrooms | $249.5K | $245K | -1.8% |
| 3 Bedrooms | $393.7K | $342K | -13.1% |
| 4 Bedrooms | $537.5K | $566K | +5.3% |
| 5+ Bedrooms | $671.5K | $785K | +16.9% |
Summary: East Bay Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.4%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes decreased by 13.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 16.9%.
Median Sold Price Compared To Nearby Cities
| Whitewater Township | $405K | $615K | +51.9% |
| Williamsburg | $410.4K | $577.5K | +40.7% |
| Acme Township | $399K | $499.9K | +25.3% |
| East Bay Township | $404.7K | $431.2K | +6.5% |
| Traverse City | $429.6K | $450K | +4.7% |
Housing Supply in East Bay Township, MI
How many homes are available in East Bay Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 57 | -9.5% |
Summary: The East Bay Township real estate market had 57 homes for sale in November 2024, a 9.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 17 | 22 | +29.4% |
| 4 Bedrooms | 23 | 15 | -34.8% |
| 5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The East Bay Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 29.4%, 4 bedroom homes decreased by 34.8%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 10 | -37.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Bay Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in East Bay Township in November 2024, down by 37.5% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 99 Days | +139.8% |
Summary: Homes in East Bay Township had an average of 99 days on market in Nov 2024, up by 139.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in East Bay Township has remained consistent over time.
Summary: During November 2024, 10 homes were sold in East Bay Township; 10% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
