$4,691 Closing Credit*
$395,000
2,000 SqFt
4 Beds
•1 Full Bath
Mary Hoyt, Listing Office: REO-TCBeulah-Frankfort-233027
Is Long Lake 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, Long Lake Township has remained a Seller's Market.
Key Takeaway
Long Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Long Lake Township, MI
How much do homes in Long Lake Township, MI cost?
Median Sold Price
$460,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$26,250(-5.4%)
Key Takeaway
Homes in Long Lake Township have sold for 5.4% less than they did a year ago.
Summary: The median home sold price in Long Lake Township was $460,000 in November 2024, down 5.4% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $366K | $309.9K | -15.3% |
| 3 Bedrooms | $431.5K | $450K | +4.3% |
| 4 Bedrooms | $595K | $509K | -14.5% |
| 5+ Bedrooms | $685K | $656.1K | -4.2% |
Summary: Long Lake Township 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 decreased by 15.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Garfield Charter Township | $369.7K | $399.9K | +8.2% |
| Interlochen | $330K | $342.5K | +3.8% |
| Green Lake Township | $352.5K | $357K | +1.3% |
| Long Lake Township | $486.2K | $460K | -5.4% |
Housing Supply in Long Lake Township, MI
How many homes are available in Long Lake Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 63 | -8.7% |
Summary: The Long Lake Township real estate market had 63 homes for sale in November 2024, a 8.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 28 | 26 | -7.1% |
| 4 Bedrooms | 26 | 23 | -11.5% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Long Lake 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 remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Asking Price vs. Sold Price
8 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 Long Lake Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Long Lake Township in November 2024, the same as the previous month. Of the 12 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Long Lake Township, MI
How long does it take to sell a home in Long Lake Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 59 Days | +86.0% |
Summary: Homes in Long Lake Township had an average of 59 days on market in Nov 2024, up by 86% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Long Lake Township has remained consistent over time.
Summary: During November 2024, 13 homes were sold in Long Lake Township; 0% of homes were sold within 30 days, 92% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
