$4,513 Closing Credit*
$380,000
2,624 SqFt
5 Beds
•1 Full Bath, 1 Partial
JEFF PUKALL, Listing Office: GREAT LAKE REALTY CO, LLC
Is East Tawas, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, East Tawas was a Neutral Market.
Key Takeaway
East Tawas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Tawas, MI
How much do homes in East Tawas, MI cost?
Median Sold Price
$190,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,000(+15.9%)
Key Takeaway
Homes in East Tawas have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in East Tawas was $190,000 in October 2024, up 15.9% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $129.5K | -16.5% |
| 2 Bedrooms | $129.9K | $177.7K | +36.8% |
| 3 Bedrooms | $170.7K | $248K | +45.3% |
| 4 Bedrooms | $190K | $190.7K | 0.4% |
| 5+ Bedrooms | $255K | $499.1K | +95.7% |
Summary: East Tawas housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.5%, 2 bedroom homes increased by 36.8%, 3 bedroom homes increased by 45.3%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 95.7%.
Median Sold Price Compared To Nearby Cities
| Baldwin Township | $135K | $159.5K | +18.1% |
| East Tawas | $164K | $190K | +15.9% |
Housing Supply in East Tawas, MI
How many homes are available in East Tawas, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 33 | -2.9% |
Summary: The East Tawas real estate market had 33 homes for sale in October 2024, a 2.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The East Tawas housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Tawas, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in East Tawas in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for East Tawas, MI
How long does it take to sell a home in East Tawas, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 36 Days | -16.8% |
Summary: Homes in East Tawas had an average of 36 days on market in Oct 2024, down by 16.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in East Tawas has remained consistent over time.
Summary: During October 2024, 8 homes were sold in East Tawas; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% 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.