$8,301 Closing Credit*
$699,000
1,760 SqFt
3 Beds
•2 Full Baths
Sam DeCamp, Listing Office: Gaslight Group Properties
Is Harbor Springs, 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, Harbor Springs was a Seller's Market.
Key Takeaway
Harbor Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Harbor Springs, MI
How much do homes in Harbor Springs, MI cost?
Median Sold Price
$532,500
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$70,000(+15.1%)
Key Takeaway
Homes in Harbor Springs have sold for 15.1% more than they did a year ago.
Summary: The median home sold price in Harbor Springs was $532,500 in November 2024, up 15.1% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $383K | +96.4% |
| 2 Bedrooms | $396K | $479K | +21.0% |
| 3 Bedrooms | $429.9K | $503.7K | +17.2% |
| 4 Bedrooms | $691K | $620K | -10.3% |
| 5+ Bedrooms | $900K | $1.4M | +55.6% |
Summary: Harbor Springs housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 96.4%, 2 bedroom homes increased by 21%, 3 bedroom homes increased by 17.2%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 55.6%.
Median Sold Price Compared To Nearby Cities
| Harbor Springs | $462.5K | $532.5K | +15.1% |
| Little Traverse Township | $410K | $425K | +3.7% |
| West Traverse Township | $587.5K | $602.5K | +2.6% |
Housing Supply in Harbor Springs, MI
How many homes are available in Harbor Springs, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 64 | 64 | 0.0% |
Summary: The Harbor Springs real estate market had 64 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 23 | 27 | +17.4% |
| 4 Bedrooms | 21 | 18 | -14.3% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Harbor Springs housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 17.4%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 8 | -46.7% |
Asking Price vs. Sold Price
4 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. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Harbor Springs in November 2024, down by 46.7% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Harbor Springs, MI
We’re sorry, we don't have information for this market at the moment
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