$8,253 Closing Credit*
$695,000
2,662 SqFt
4 Beds
•2 Full Baths, 1 Partial
Gill Whitman, Listing Office: Berkshire Hathaway HomeServices Michigan Real Estate - HS
Is Resort 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, Resort Township has remained a Buyer's Market.
Key Takeaway
Resort Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Resort Township, MI
How much do homes in Resort Township, MI cost?
Median Sold Price
$535,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$95,000(+21.6%)
Key Takeaway
Homes in Resort Township have sold for 21.6% more than they did a year ago.
Summary: The median home sold price in Resort Township was $535,000 in November 2024, up 21.6% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $650K | N/A |
| 2 Bedrooms | $250K | - | N/A |
| 3 Bedrooms | $412.5K | $467.5K | +13.3% |
| 4 Bedrooms | $423.5K | $660K | +55.8% |
| 5+ Bedrooms | $3.7M | $3.3M | -11.6% |
Summary: Resort 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 did not change, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 55.8%, and 5+ bedroom homes decreased by 11.6%.
Median Sold Price Compared To Nearby Cities
| Resort Township | $440K | $535K | +21.6% |
| Petoskey | $425.7K | $450K | +5.7% |
| Bear Creek Township | $408.5K | $398.7K | -2.4% |
Housing Supply in Resort Township, MI
How many homes are available in Resort Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 38 | +2.7% |
Summary: The Resort Township real estate market had 38 homes for sale in November 2024, a 2.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 20 | 19 | -5.0% |
Summary: The Resort Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Resort Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Resort Township in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Resort Township, MI
We’re sorry, we don't have information for this market at the moment
