$10,000 Closing Credit*
$889,000
2,205 SqFt
3 Beds
•3 Full Baths, 1 Partial
Kimberly Creamer, Chris Creamer, Listing Office: Five Star Real Estate - Front St TC
Is Suttons Bay Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Suttons Bay Township was a Neutral Market.
Key Takeaway
Suttons Bay Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Suttons Bay Township, MI
How much do homes in Suttons Bay Township, MI cost?
Median Sold Price
$757,000
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$103,000(+15.7%)
Key Takeaway
Homes in Suttons Bay Township have sold for 15.7% more than they did a year ago.
Summary: The median home sold price in Suttons Bay Township was $757,000 in December 2024, up 15.7% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $431.6K | $612.5K | +41.9% |
| 3 Bedrooms | $800K | $599.7K | -25.0% |
| 4 Bedrooms | $635K | $862K | +35.7% |
| 5+ Bedrooms | $962.5K | $1.6M | +71.4% |
Summary: Suttons Bay Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41.9%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 71.4%.
Median Sold Price Compared To Nearby Cities
| Suttons Bay | $664K | $785K | +18.2% |
| Suttons Bay Township | $654K | $757K | +15.7% |
Housing Supply in Suttons Bay Township, MI
How many homes are available in Suttons Bay Township, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Summary: The Suttons Bay Township real estate market had 16 homes for sale in December 2024, a 15.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Suttons Bay Township 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 remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Suttons Bay Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Suttons Bay Township in December 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Suttons Bay Township, MI
How long does it take to sell a home in Suttons Bay Township, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 121 Days | 71 Days | -41.4% |
Summary: Homes in Suttons Bay Township had an average of 71 days on market in Dec 2024, down by 41.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Suttons Bay Township has remained consistent over time.
Summary: During December 2024, 4 homes were sold in Suttons Bay Township; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
