$1,490,000
0.80 Acres
Land
Cindy Anderson, Listing Office: Lake Homes Realty, LLC
Housing Prices in Torch Lake Township, MI
How much do homes in Torch Lake Township, MI cost?
Median List Price
$1,025,000
$325/sqft
Based on all homes listed in the last 12 months.
Difference Since October 2023
+$456,000(+80.1%)
Key Takeaway
The list price of homes in Torch Lake Township has increased by 80.1% since last year.
Summary: The median home list price in Torch Lake Township was $1,025,000 in October 2024, up 80.1% from the previous year, and the median price per square foot was $325.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $358K | $358.5K | 0.1% |
| 3 Bedrooms | $489K | $487K | -0.4% |
| 4 Bedrooms | $817K | $1.3M | +65.2% |
| 5+ Bedrooms | $1.4M | $1.2M | -15.3% |
Summary: Torch Lake Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.1%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 65.2%, and 5+ bedroom homes decreased by 15.3%.
Median List Price Compared To Nearby Cities
| Torch Lake Township | $569K | $1.0M | +80.1% |
| Central Lake Township | $214K | $256.2K | +19.7% |
| Kewadin | $435K | $499.5K | +14.8% |
| Banks Township | $355K | $285.5K | -19.6% |
Housing Supply in Torch Lake Township, MI
How many homes are available in Torch Lake Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 13 | +116.7% |
Summary: The Torch Lake Township real estate market had 13 homes for sale in October 2024, a 116.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Torch Lake Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 200%.
Days on Market for Torch Lake Township, MI
How long does it take to sell a home in Torch Lake Township, MI?
Average Listing Age
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 238 Days | 57 Days | -76.1% |
Summary: Homes in Torch Lake Township had an average listing age of 57 days in Oct 2024, down by 76.1% compared to the previous year.
