$4,453 Closing Credit*
$375,000
1,848 SqFt
4 Beds
•1 Full Bath
Dana Allen, Listing Office: CENTURY 21 Northland
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 October 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
$458,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$16,000(-3.4%)
Key Takeaway
Homes in Long Lake Township have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in Long Lake Township was $458,000 in October 2024, down 3.4% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $363K | $309.9K | -14.6% |
| 3 Bedrooms | $400K | $450K | +12.5% |
| 4 Bedrooms | $590K | $510K | -13.6% |
| 5+ Bedrooms | $592K | $616.5K | +4.1% |
Summary: Long Lake Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.6%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Interlochen | $309.5K | $345K | +11.5% |
| Garfield Charter Township | $370K | $375K | +1.4% |
| Green Lake Township | $363.9K | $360K | -1.1% |
| Long Lake Township | $474K | $458K | -3.4% |
Housing Supply in Long Lake Township, MI
How many homes are available in Long Lake Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 | 69 | +4.5% |
Summary: The Long Lake Township real estate market had 69 homes for sale in October 2024, a 4.5% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 28 | 29 | +3.6% |
| 4 Bedrooms | 25 | 25 | 0.0% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Long Lake 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 decreased by 25%, 3 bedroom homes increased by 3.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 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. 45.5% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Long Lake Township in October 2024, down by 7.7% month-over-month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 72 Days | +35.9% |
Summary: Homes in Long Lake Township had an average of 72 days on market in Oct 2024, up by 35.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Long Lake Township has remained consistent over time.
Summary: During October 2024, 12 homes were sold in Long Lake Township; 8% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. 
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.