$8,182 Closing Credit*
$689,000
3,279 SqFt
3 Beds
•3 Full Baths, 1 Partial
Joy Labadie, Listing Office: Berkshire Hathaway HomeServices Michigan Real Estate - HS
Is West Traverse 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, West Traverse Township has remained a Seller's Market.
Key Takeaway
West Traverse Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Traverse Township, MI
How much do homes in West Traverse Township, MI cost?
Median Sold Price
$605,000
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+0.8%)
Key Takeaway
Homes in West Traverse Township have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in West Traverse Township was $605,000 in October 2024, up 0.8% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $272K | $375K | +37.9% |
| 2 Bedrooms | $440K | $468K | +6.4% |
| 3 Bedrooms | $544.4K | $546.5K | 0.4% |
| 4 Bedrooms | $560K | $775K | +38.4% |
| 5+ Bedrooms | $1.0M | $1.7M | +77.5% |
Summary: West Traverse Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.9%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 38.4%, and 5+ bedroom homes increased by 77.5%.
Median Sold Price Compared To Nearby Cities
| Pleasantview Township | $347.7K | $420K | +20.8% |
| Harbor Springs | $460K | $535K | +16.3% |
| Little Traverse Township | $410K | $423K | +3.2% |
| West Traverse Township | $600K | $605K | +0.8% |
Housing Supply in West Traverse Township, MI
How many homes are available in West Traverse Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 21 | -8.7% |
Summary: The West Traverse Township real estate market had 21 homes for sale in October 2024, a 8.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The West Traverse 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 increased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Traverse Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in West Traverse Township in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for West Traverse Township, MI
How long does it take to sell a home in West Traverse Township, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Traverse Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in West Traverse Township; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
