Is Carp Lake Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Carp Lake Township was a Neutral Market.
Key Takeaway
Carp Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Carp Lake Township, MI
How much do homes in Carp Lake Township, MI cost?
Median Sold Price
$345,000
$249/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Carp Lake Township have sold for 38.1% more than they did a month ago.
Summary: The median home sold price in Carp Lake Township was $345,000 in May 2024, up 38.1% from last month, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $330K | N/A |
| 3 Bedrooms | - | $417.5K | N/A |
| 4 Bedrooms | - | $320K | N/A |
| 5+ Bedrooms | $249.9K | - | N/A |
Summary: Carp Lake Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Carp Lake Township, MI
How many homes are available in Carp Lake Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Summary: The Carp Lake Township real estate market had 13 homes for sale in May 2024, a 8.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Carp Lake Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 8 | +300.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Carp Lake Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Carp Lake Township in May 2024, up by 300.0% month-over-month. Of the 8 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Carp Lake Township, MI
We’re sorry, we don't have information for this market at the moment
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