$10,000 Closing Credit*
$1,950,000
2,372 SqFt
4 Beds
•1 Full Bath
Karly Wentzloff, Listing Office: REO-TCRandolph-233022
Is Glen Arbor, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Glen Arbor has remained a Seller's Market.
Key Takeaway
Glen Arbor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glen Arbor, MI
How much do homes in Glen Arbor, MI cost?
Median Sold Price
$450,000
$264/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$60,000(+15.4%)
Key Takeaway
Homes in Glen Arbor have sold for 15.4% more than they did a month ago.
Summary: The median home sold price in Glen Arbor was $450,000 in October 2024, up 15.4% from last month, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $390K | $450K | +15.4% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Glen Arbor 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 increased by 15.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Maple City | $190K | $559.2K | +194.3% |
| Glen Arbor Township | $390K | $518.5K | +32.9% |
| Glen Arbor | $390K | $450K | +15.4% |
| Empire Township | $745K | $686.9K | -7.8% |
| Cleveland Township | $570K | $295K | -48.2% |
Housing Supply in Glen Arbor, MI
How many homes are available in Glen Arbor, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Summary: The Glen Arbor real estate market had 4 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Glen Arbor 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 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glen Arbor, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Glen Arbor in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Glen Arbor, MI
How long does it take to sell a home in Glen Arbor, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 230 Days | +945.5% |
Summary: Homes in Glen Arbor had an average of 230 days on market in Oct 2024, up by 945.5% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Glen Arbor are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in Glen Arbor; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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