$2,719 Closing Credit*
$229,000
1,550 SqFt
3 Beds
•1 Full Bath
PATRICIA DACK, Listing Office: C.A.HANES REALTY- M33
Is Tawas City, 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, Tawas City has remained a Seller's Market.
Key Takeaway
Tawas City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tawas City, MI
How much do homes in Tawas City, MI cost?
Median Sold Price
$195,350
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$14,650(-7.0%)
Key Takeaway
Homes in Tawas City have sold for 7% less than they did a year ago.
Summary: The median home sold price in Tawas City was $195,350 in December 2024, down 7% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40K | $55K | +37.5% |
| 2 Bedrooms | $241K | $178.9K | -25.8% |
| 3 Bedrooms | $161K | $215K | +33.5% |
| 4 Bedrooms | $404.5K | $248.5K | -38.6% |
| 5+ Bedrooms | $165K | $247.8K | +50.2% |
Summary: Tawas City housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.5%, 2 bedroom homes decreased by 25.8%, 3 bedroom homes increased by 33.5%, 4 bedroom homes decreased by 38.6%, and 5+ bedroom homes increased by 50.2%.
Median Sold Price Compared To Nearby Cities
| East Tawas | $155K | $205K | +32.3% |
| Baldwin Township | $147.3K | $159.7K | +8.5% |
| Tawas City | $210K | $195.3K | -7.0% |
Housing Supply in Tawas City, MI
How many homes are available in Tawas City, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Summary: The Tawas City real estate market had 20 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Tawas City 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
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 Tawas City, 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 Tawas City in December 2024, up by 33.3% month-over-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 Tawas City, MI
How long does it take to sell a home in Tawas City, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 56 Days | 130 Days | +132.6% |
Summary: Homes in Tawas City had an average of 130 days on market in Dec 2024, up by 132.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Tawas City are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 4 homes were sold in Tawas City; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.
