$230,000
7.56 Acres
Land
Robert Smith, Listing Office: Coldwell Banker Schmidt - Petoskey
Is Tuscarora Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Tuscarora Township has remained a Seller's Market.
Key Takeaway
Tuscarora Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tuscarora Township, MI
How much do homes in Tuscarora Township, MI cost?
Median Sold Price
$465,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$140,000(+43.1%)
Key Takeaway
Homes in Tuscarora Township have sold for 43.1% more than they did a year ago.
Summary: The median home sold price in Tuscarora Township was $465,000 in October 2024, up 43.1% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.4K | - | N/A |
| 2 Bedrooms | $270K | $257K | -4.8% |
| 3 Bedrooms | $369.5K | $357K | -3.4% |
| 4 Bedrooms | $310K | $570.5K | +84.0% |
| 5+ Bedrooms | $616.5K | $1.5M | +151.4% |
Summary: Tuscarora 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 decreased by 4.8%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 84%, and 5+ bedroom homes increased by 151.4%.
Median Sold Price Compared To Nearby Cities
| Tuscarora Township | $325K | $465K | +43.1% |
| Indian River | $338K | $362.5K | +7.2% |
| Burt Township | $220.7K | $210K | -4.8% |
| Mullett Township | $397K | $317.5K | -20.0% |
Housing Supply in Tuscarora Township, MI
How many homes are available in Tuscarora Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Summary: The Tuscarora Township real estate market had 27 homes for sale in October 2024, a 3.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Tuscarora 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 decreased by 7.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tuscarora Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Tuscarora Township in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Tuscarora Township, MI
How long does it take to sell a home in Tuscarora Township, MI?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tuscarora Township has remained consistent over time.
Summary: During October 2024, 6 homes were sold in Tuscarora Township; 0% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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