$49,900
1.80 Acres
Land
Carrie Frisbie, Listing Office: Coldwell Banker Schmidt- Harbor Springs
Is Harbor Springs, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Harbor Springs was a Seller's Market.
Key Takeaway
Harbor Springs is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Harbor Springs, MI
How much do homes in Harbor Springs, MI cost?
Median Sold Price
$535,000
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$53,000(+11.0%)
Key Takeaway
Homes in Harbor Springs have sold for 11% more than they did a year ago.
Summary: The median home sold price in Harbor Springs was $535,000 in December 2024, up 11% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219.9K | $391K | +77.8% |
| 2 Bedrooms | $405K | $479K | +18.3% |
| 3 Bedrooms | $440K | $493K | +12.0% |
| 4 Bedrooms | $860K | $620K | -27.9% |
| 5+ Bedrooms | $937.5K | $1.2M | +37.9% |
Summary: Harbor Springs housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 77.8%, 2 bedroom homes increased by 18.3%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 27.9%, and 5+ bedroom homes increased by 37.9%.
Median Sold Price Compared To Nearby Cities
| West Traverse Township | $560K | $650K | +16.1% |
| Harbor Springs | $482K | $535K | +11.0% |
Housing Supply in Harbor Springs, MI
How many homes are available in Harbor Springs, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 60 | 60 | 0.0% |
Summary: The Harbor Springs real estate market had 60 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 25 | 22 | -12.0% |
| 4 Bedrooms | 17 | 19 | +11.8% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Harbor Springs housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Harbor Springs, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Harbor Springs in December 2024, the same as the previous month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Harbor Springs, MI
How long does it take to sell a home in Harbor Springs, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Harbor Springs are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 10 homes were sold in Harbor Springs; 10% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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