$129,900
1.38 Acres
Land
Dean Baker, Listing Office: REMAX Bayshore - Union St TC
Is Interlochen, 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, Interlochen was a Seller's Market.
Key Takeaway
Interlochen 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 Interlochen, MI
How much do homes in Interlochen, MI cost?
Median Sold Price
$342,500
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,500(+3.8%)
Key Takeaway
Homes in Interlochen have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Interlochen was $342,500 in November 2024, up 3.8% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | - | N/A |
| 2 Bedrooms | $220K | $265K | +20.5% |
| 3 Bedrooms | $336K | $313.5K | -6.7% |
| 4 Bedrooms | $401.4K | $473.5K | +18.0% |
| 5+ Bedrooms | $618.3K | $428.5K | -30.7% |
Summary: Interlochen 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 20.5%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 18%, and 5+ bedroom homes decreased by 30.7%.
Median Sold Price Compared To Nearby Cities
| Grant Township | $235K | $275K | +17.0% |
| Grawn | $330K | $359K | +8.8% |
| Interlochen | $330K | $342.5K | +3.8% |
| Green Lake Township | $352.5K | $357K | +1.3% |
| Inland Township | $400K | $350K | -12.5% |
Housing Supply in Interlochen, MI
How many homes are available in Interlochen, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 25 | -24.2% |
Summary: The Interlochen real estate market had 25 homes for sale in November 2024, a 24.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 2 | -66.7% |
| 3 Bedrooms | 16 | 13 | -18.8% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Interlochen 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 decreased by 66.7%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 4 | -66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Interlochen, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Interlochen in November 2024, down by 66.7% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Interlochen, MI
How long does it take to sell a home in Interlochen, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 46 Days | -13.2% |
Summary: Homes in Interlochen had an average of 46 days on market in Nov 2024, down by 13.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Interlochen has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Interlochen; 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.
