$10,000 Closing Credit*
$1,950,000
2,372 SqFt
4 Beds
•2 Full Baths
Karly Wentzloff, Listing Office: REO-TCRandolph-233022
Is Glen Arbor Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Glen Arbor Township was a Neutral Market.
Key Takeaway
Glen Arbor Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glen Arbor Township, MI
How much do homes in Glen Arbor Township, MI cost?
Median Sold Price
$1,207,000
$637/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$362,000(+42.8%)
Key Takeaway
Homes in Glen Arbor Township have sold for 42.8% more than they did a year ago.
Summary: The median home sold price in Glen Arbor Township was $1,207,000 in November 2024, up 42.8% from last year, and the median price per square foot was $637.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $750K | $772.5K | +3.0% |
| 3 Bedrooms | $690.5K | $1.6M | +142.6% |
| 4 Bedrooms | $2.3M | $1.2M | -48.6% |
| 5+ Bedrooms | $2.1M | - | N/A |
Summary: Glen Arbor Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 142.6%, 4 bedroom homes decreased by 48.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Glen Arbor Township | $845K | $1.2M | +42.8% |
| Cleveland Township | $550K | $410K | -25.5% |
| Maple City | $572.5K | $405K | -29.3% |
Housing Supply in Glen Arbor Township, MI
How many homes are available in Glen Arbor Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Summary: The Glen Arbor Township real estate market had 5 homes for sale in November 2024, a 37.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 2 | -60.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Glen Arbor Township housing inventory by bedroom type for November 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 60%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
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 Township, 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 Township in November 2024, down by 66.7% month-over-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 Township, MI
How long does it take to sell a home in Glen Arbor Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 3 Days | 60 Days | +1900.0% |
Summary: Homes in Glen Arbor Township had an average of 60 days on market in Nov 2024, up by 1900% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Glen Arbor Township has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Glen Arbor Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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