$5,094 Closing Credit*
$429,000
2,210 SqFt
2 Beds
•2 Full Baths, 1 Partial
Robert Vosler, Listing Office: Bay North Realty Co.
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 November 2023
At the same time last year, West Traverse Township was a Neutral Market.
Key Takeaway
West Traverse Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Traverse Township, MI
How much do homes in West Traverse Township, MI cost?
Median Sold Price
$602,500
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+2.6%)
Key Takeaway
Homes in West Traverse Township have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in West Traverse Township was $602,500 in November 2024, up 2.6% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $272K | $375K | +37.9% |
| 2 Bedrooms | $440K | $468K | +6.4% |
| 3 Bedrooms | $519.5K | $557.5K | +7.3% |
| 4 Bedrooms | $692.5K | $762.5K | +10.1% |
| 5+ Bedrooms | $1.0M | $1.7M | +77.5% |
Summary: West Traverse Township housing prices by bedroom type for November 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 7.3%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 77.5%.
Median Sold Price Compared To Nearby Cities
| Harbor Springs | $462.5K | $532.5K | +15.1% |
| Pleasantview Township | $387K | $420K | +8.5% |
| Little Traverse Township | $410K | $425K | +3.7% |
| West Traverse Township | $587.5K | $602.5K | +2.6% |
Housing Supply in West Traverse Township, MI
How many homes are available in West Traverse Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Summary: The West Traverse Township real estate market had 24 homes for sale in November 2024, a 14.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The West Traverse Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Traverse Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in West Traverse Township in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for West Traverse Township, MI
We’re sorry, we don't have information for this market at the moment
