$199,900
1.01 Acres
Land
Heidi Kresnak, Listing Office: Graham Real Estate
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 November 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
$425,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+3.7%)
Key Takeaway
Homes in Little Traverse Township have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Little Traverse Township was $425,000 in November 2024, up 3.7% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $288K | $200K | -30.6% |
| 2 Bedrooms | $375K | $213K | -43.2% |
| 3 Bedrooms | $365.2K | $429K | +17.5% |
| 4 Bedrooms | $616.2K | $437K | -29.1% |
| 5+ Bedrooms | - | $700K | N/A |
Summary: Little Traverse Township housing prices by bedroom type for November 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 17.5%, 4 bedroom homes decreased by 29.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Harbor Springs | $462.5K | $532.5K | +15.1% |
| Pleasantview Township | $387K | $420K | +8.5% |
| Little Traverse Township | $410K | $425K | +3.7% |
| West Traverse Township | $587.5K | $602.5K | +2.6% |
Housing Supply in Little Traverse Township, MI
How many homes are available in Little Traverse Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Summary: The Little Traverse Township real estate market had 16 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Little Traverse 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 decreased by 33.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Little Traverse Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Little Traverse Township in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Little Traverse Township, MI
We’re sorry, we don't have information for this market at the moment
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