$4,026 Closing Credit*
$339,000
1,456 SqFt
3 Beds
•2 Full Baths
Pamela Mork, Listing Office: Coldwell Banker Schmidt-S.Bay
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 November 2023
Since last year, Suttons Bay Township has remained a Seller's 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
$785,000
$316/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 Township have sold for 21.9% more than they did a year ago.
Summary: The median home sold price in Suttons Bay Township was $785,000 in November 2024, up 21.9% from last year, and the median price per square foot was $316.
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 | $800K | $599.7K | -25.0% |
| 4 Bedrooms | $635K | $855K | +34.6% |
| 5+ Bedrooms | $1.1M | $862.5K | -21.6% |
Summary: Suttons Bay 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 increased by 74.2%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 34.6%, and 5+ bedroom homes decreased by 21.6%.
Median Sold Price Compared To Nearby Cities
| Leelanau Township | $464.5K | $639.5K | +37.7% |
| Suttons Bay Township | $644K | $785K | +21.9% |
| Suttons Bay | $644K | $785K | +21.9% |
| Leland Township | $932.5K | $972.5K | +4.3% |
| Lake Leelanau | $1.1M | $1.0M | -8.2% |
Housing Supply in Suttons Bay Township, MI
How many homes are available in Suttons Bay Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 25 | +8.7% |
Summary: The Suttons Bay Township real estate market had 25 homes for sale in November 2024, a 8.7% 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 | 6 | 5 | -16.7% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Suttons Bay Township 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 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
4 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 Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Suttons Bay Township in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 81 Days | +145.4% |
Summary: Homes in Suttons Bay Township had an average of 81 days on market in Nov 2024, up by 145.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Suttons Bay Township has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Suttons Bay Township; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
