$3,205 Closing Credit*
$269,900
1,139 SqFt
3 Beds
•1 Full Bath
Drake Johnson, Terry Puffer, Listing Office: Five Star Real Estate-W Norton
Is Twin Lake, 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, Twin Lake has remained a Seller's Market.
Key Takeaway
Twin Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Twin Lake, MI
How much do homes in Twin Lake, MI cost?
Median Sold Price
$280,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+3.7%)
Key Takeaway
Homes in Twin Lake have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Twin Lake was $280,000 in November 2024, up 3.7% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162.7K | - | N/A |
| 2 Bedrooms | $189.9K | $195K | +2.7% |
| 3 Bedrooms | $246K | $263.4K | +7.1% |
| 4 Bedrooms | $294.2K | $315K | +7.1% |
| 5+ Bedrooms | $336K | $372K | +10.7% |
Summary: Twin Lake 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 2.7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Cedar Creek Township | $207.9K | $266K | +27.9% |
| Twin Lake | $270K | $280K | +3.7% |
| Dalton Township | $263.4K | $253K | -4.0% |
Housing Supply in Twin Lake, MI
How many homes are available in Twin Lake, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 53 | -14.5% |
Summary: The Twin Lake real estate market had 53 homes for sale in November 2024, a 14.5% 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 49 | 41 | -16.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Twin Lake 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 remained the same, 3 bedroom homes decreased by 16.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Twin Lake, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Twin Lake in November 2024, down by 31.3% month-over-month. Of the 11 sold homes, 55% were sold under asking, 36% were sold at asking, and 9% were sold over asking.
Days on Market for Twin Lake, MI
How long does it take to sell a home in Twin Lake, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 21 Days | -35.1% |
Summary: Homes in Twin Lake had an average of 21 days on market in Nov 2024, down by 35.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Twin Lake are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Twin Lake; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
