$771 Closing Credit*
$64,900
1,422 SqFt
3 Beds
•2 Full Baths
Darrin Miller, 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 October 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
$279,900
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,900(+3.3%)
Key Takeaway
Homes in Twin Lake have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Twin Lake was $279,900 in October 2024, up 3.3% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $283K | - | N/A |
| 2 Bedrooms | $185K | $230K | +24.3% |
| 3 Bedrooms | $254K | $263.4K | +3.7% |
| 4 Bedrooms | $300.4K | $321.5K | +7.0% |
| 5+ Bedrooms | $336K | $356K | +6.0% |
Summary: Twin Lake 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 24.3%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Cities
| Cedar Creek Township | $202.5K | $270K | +33.3% |
| Lakewood Club | $185.2K | $236.2K | +27.6% |
| Twin Lake | $271K | $279.9K | +3.3% |
| Dalton Township | $265.9K | $250K | -6.0% |
Housing Supply in Twin Lake, MI
How many homes are available in Twin Lake, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 | 64 | +23.1% |
Summary: The Twin Lake real estate market had 64 homes for sale in October 2024, a 23.1% 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 | 6 | 5 | -16.7% |
| 3 Bedrooms | 42 | 50 | +19.0% |
| 4 Bedrooms | 1 | 5 | +400.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Twin Lake 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 decreased by 16.7%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 400%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Twin Lake, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in Twin Lake in October 2024, up by 36.4% month-over-month. Of the 15 sold homes, 33% were sold under asking, 40% were sold at asking, and 27% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 33 Days | +135.7% |
Summary: Homes in Twin Lake had an average of 33 days on market in Oct 2024, up by 135.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Twin Lake are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in Twin Lake; 53% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
