$125,900
10.00 Acres
Land
BONNIE ULMAN, Listing Office: TAWAS SUNSHINE REALTY
Is Tawas City, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Tawas City was a Seller's Market.
Key Takeaway
Tawas City is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Tawas City, MI
How much do homes in Tawas City, MI cost?
Median Sold Price
$188,850
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$9,150(-4.6%)
Key Takeaway
Homes in Tawas City have sold for 4.6% less than they did a year ago.
Summary: The median home sold price in Tawas City was $188,850 in November 2024, down 4.6% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $59K | $55K | -6.8% |
| 2 Bedrooms | $232.5K | $178.9K | -23.1% |
| 3 Bedrooms | $161K | $210K | +30.4% |
| 4 Bedrooms | $404.5K | $248.5K | -38.6% |
| 5+ Bedrooms | $165K | $247.8K | +50.2% |
Summary: Tawas City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.8%, 2 bedroom homes decreased by 23.1%, 3 bedroom homes increased by 30.4%, 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 | $215K | +38.7% |
| Baldwin Township | $147.3K | $158.2K | +7.4% |
| Tawas City | $198K | $188.8K | -4.6% |
Housing Supply in Tawas City, MI
How many homes are available in Tawas City, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 27 | -18.2% |
Summary: The Tawas City real estate market had 27 homes for sale in November 2024, a 18.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Tawas City 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 42.9%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 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 Tawas City, 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 Tawas City in November 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 Tawas City, MI
How long does it take to sell a home in Tawas City, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 64 Days | 34 Days | -46.5% |
Summary: Homes in Tawas City had an average of 34 days on market in Nov 2024, down by 46.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tawas City are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Tawas City; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
