$1,663 Closing Credit*
$140,000
860 SqFt
2 Beds
•1 Full Bath
Cathy A Hoppough, Listing Office: KW Rivertown Hoppough
Is Six Lakes, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Six Lakes has remained a Seller's Market.
Key Takeaway
Six Lakes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Six Lakes, MI
How much do homes in Six Lakes, MI cost?
Median Sold Price
$180,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$20,400(-10.2%)
Key Takeaway
Homes in Six Lakes have sold for 10.2% less than they did a year ago.
Summary: The median home sold price in Six Lakes was $180,000 in December 2024, down 10.2% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $144K | $65.5K | -54.5% |
| 2 Bedrooms | $299K | $208.5K | -30.3% |
| 3 Bedrooms | $180K | $177.5K | -1.4% |
| 4 Bedrooms | $290K | $165K | -43.1% |
| 5+ Bedrooms | $329K | $380K | +15.5% |
Summary: Six Lakes housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54.5%, 2 bedroom homes decreased by 30.3%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 43.1%, and 5+ bedroom homes increased by 15.5%.
Median Sold Price Compared To Nearby Cities
| Douglass Township | $255K | $265K | +3.9% |
| Belvidere Township | $202.5K | $185K | -8.6% |
| Six Lakes | $200.4K | $180K | -10.2% |
| Cato Township | $215K | $192.5K | -10.5% |
Housing Supply in Six Lakes, MI
How many homes are available in Six Lakes, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The Six Lakes real estate market had 14 homes for sale in December 2024, a 12.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Six Lakes housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
3 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 Six Lakes, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Six Lakes in December 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Six Lakes, MI
How long does it take to sell a home in Six Lakes, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 72 Days | 41 Days | -43.3% |
Summary: Homes in Six Lakes had an average of 41 days on market in Dec 2024, down by 43.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Six Lakes are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 5 homes were sold in Six Lakes; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
