$74,900
0.88 Acres
Land
Andrea Galloup, Listing Office: CENTURY 21 Northland
Is Suttons Bay, 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, Suttons Bay has remained a Seller's Market.
Key Takeaway
Suttons Bay is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Suttons Bay, MI
How much do homes in Suttons Bay, MI cost?
Median Sold Price
$785,000
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$141,000(+21.9%)
Key Takeaway
Homes in Suttons Bay have sold for 21.9% more than they did a year ago.
Summary: The median home sold price in Suttons Bay was $785,000 in November 2024, up 21.9% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $422K | $735K | +74.2% |
| 3 Bedrooms | $817.5K | $599.7K | -26.6% |
| 4 Bedrooms | $635K | $862K | +35.7% |
| 5+ Bedrooms | $1.1M | $825K | -25.0% |
Summary: Suttons Bay 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 increased by 74.2%, 3 bedroom homes decreased by 26.6%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes decreased by 25%.
Median Sold Price Compared To Nearby Cities
| Suttons Bay | $644K | $785K | +21.9% |
| Suttons Bay Township | $644K | $785K | +21.9% |
Housing Supply in Suttons Bay, MI
How many homes are available in Suttons Bay, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Summary: The Suttons Bay real estate market had 23 homes for sale in November 2024, a 9.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Suttons Bay 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 decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 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 Suttons Bay, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Suttons Bay in November 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Suttons Bay, MI
How long does it take to sell a home in Suttons Bay, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 74 Days | +122.0% |
Summary: Homes in Suttons Bay had an average of 74 days on market in Nov 2024, up by 122% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Suttons Bay has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Suttons Bay; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
