$4,036 Closing Credit*
$339,900
1,948 SqFt
3 Beds
•1 Full Bath, 1 Partial
Clinton Shuman, Listing Office: Real Estate One
Is Little Traverse Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Little Traverse Township has remained a Seller's Market.
Key Takeaway
Little Traverse Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Little Traverse Township, MI
How much do homes in Little Traverse Township, MI cost?
Median Sold Price
$423,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,000(+3.2%)
Key Takeaway
Homes in Little Traverse Township have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Little Traverse Township was $423,000 in October 2024, up 3.2% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $288K | $200K | -30.6% |
| 2 Bedrooms | $375K | $213K | -43.2% |
| 3 Bedrooms | $360K | $425K | +18.1% |
| 4 Bedrooms | $616.2K | $437K | -29.1% |
| 5+ Bedrooms | - | $700K | N/A |
Summary: Little Traverse Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.6%, 2 bedroom homes decreased by 43.2%, 3 bedroom homes increased by 18.1%, 4 bedroom homes decreased by 29.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Pleasantview Township | $347.7K | $420K | +20.8% |
| Harbor Springs | $460K | $535K | +16.3% |
| Little Traverse Township | $410K | $423K | +3.2% |
| West Traverse Township | $600K | $605K | +0.8% |
Housing Supply in Little Traverse Township, MI
How many homes are available in Little Traverse Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The Little Traverse Township real estate market had 17 homes for sale in October 2024, a 6.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Little Traverse Township 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 increased by 75%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Little Traverse Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Little Traverse Township in October 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Little Traverse Township, MI
How long does it take to sell a home in Little Traverse Township, MI?
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 Little Traverse Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in Little Traverse Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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