$4,453 Closing Credit*
$375,000
1,443 SqFt
3 Beds
•2 Full Baths
Michael "Mac" McCarthy, Listing Office: Gaslight Group Properties
Is Resort Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Resort Township was a Neutral 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 October 2023
+$90,000(+20.2%)
Key Takeaway
Homes in Resort Township have sold for 20.2% more than they did a year ago.
Summary: The median home sold price in Resort Township was $535,000 in October 2024, up 20.2% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $650K | N/A |
| 2 Bedrooms | $250K | - | N/A |
| 3 Bedrooms | $412.5K | $480K | +16.4% |
| 4 Bedrooms | $440K | $659.2K | +49.8% |
| 5+ Bedrooms | $1.2M | $4.6M | +266.5% |
Summary: Resort 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 did not change, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 49.8%, and 5+ bedroom homes increased by 266.5%.
Median Sold Price Compared To Nearby Cities
| Resort Township | $445K | $535K | +20.2% |
| Petoskey | $424.9K | $447.2K | +5.3% |
| Bear Creek Township | $401K | $383K | -4.5% |
| Bay Township | $800K | $694K | -13.3% |
Housing Supply in Resort Township, MI
How many homes are available in Resort Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 37 | -7.5% |
Summary: The Resort Township real estate market had 37 homes for sale in October 2024, a 7.5% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 21 | 20 | -4.8% |
Summary: The Resort 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 decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 4.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 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 Resort 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 3 homes were sold or pending in Resort Township in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
