Is Bear Creek Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Bear Creek Township was a Seller's Market.
Key Takeaway
Bear Creek Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bear Creek Township, MI
How much do homes in Bear Creek Township, MI cost?
Median Sold Price
$369,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bear Creek Township have sold for 7.7% less than they did a year ago.
Summary: The median home sold price in Bear Creek Township was $369,000 in April 2024, down 7.8% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $279.9K | -13.9% |
| 2 Bedrooms | $244.9K | $270.2K | +10.3% |
| 3 Bedrooms | $400K | $392K | -2.0% |
| 4 Bedrooms | $620K | $602K | -2.9% |
| 5+ Bedrooms | $1.0M | $870K | -15.1% |
Summary: Bear Creek Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.9%, 2 bedroom homes increased by 10.3%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 15.1%.
Median Sold Price Compared To Nearby Cities
| Petoskey | $432.4K | $430.5K | -0.4% |
| Little Traverse Township | $410K | $405K | -1.2% |
| Bear Creek Township | $400K | $369K | -7.8% |
| Resort Township | $580K | $515K | -11.2% |
Housing Supply in Bear Creek Township, MI
How many homes are available in Bear Creek Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 25 | 0.0% |
Summary: The Bear Creek Township real estate market had 25 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Bear Creek Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bear Creek Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Bear Creek Township in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Bear Creek Township, MI
We’re sorry, we don't have information for this market at the moment
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