New - 3 days on Rocket
$5,308 Closing Credit¹
#78080054641, Stephen G Karas, Carol M Karas, Listing Office: EXIT Northern Shores Realty-ER, EXIT Northern Shores Realty-KA
Elmwood Charter Township Housing Market Report February 2025•Leelanau County, Michigan
Housing Prices in Elmwood Charter Township, MI
How much do homes in Elmwood Charter Township, MI cost?
Housing Market Conditions
Is Elmwood Charter Township, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Elmwood Charter Township is a Seller's Market
Difference Since January 2025
Last month, Elmwood Charter Township has remained a Seller's Market.
Insight
Elmwood Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$680,000$296/SqFt
+$130,000
+23.6%
Based on all homes sold in February 2025
Insight
Homes in Elmwood Charter Township have sold for 23.6% more than they did a month ago.
Summary: The median home sold price in Elmwood Charter Township was $680,000 in February 2025, up 23.6% from last month, and the median price per square foot was $296.
Median Sold Price By Bedrooms
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | - | $249K | N/A |
| 33 Bedrooms | $310K | - | N/A |
| 44 Bedrooms | $550K | $680K | +23.6% |
| 55+ Bedrooms | $1.0M | $896K | -13.4% |
Summary: Elmwood Charter Township housing price by bedroom type for February 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes increased by +23.6%. The home price for 5 bedroom homes decreased by -13.4%.
Housing supply in Elmwood Charter Township, MI
How many homes are available in Elmwood Charter Township, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 13Last MonthFeb 2025 | ||
| 112 months agoJan 2025 | +18.2 % Change MoMJan – Feb |
Summary: The Elmwood Charter Township real estate market had 13 homes for sale in Feb 2025, a 18.2 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 4Last MonthFeb 2025 | ||
| 32 months agoJan 2025 | +33.3 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 33 Bedrooms | 2 | 3 | +50.0% |
| 55+ Bedrooms | 2 | 2 | 0.0% |
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 2 | 3 | +50.0% |
| 44 Bedrooms | 5 | 5 | 0.0% |
Summary: Elmwood Charter Township housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 3 bedroom homes increased by +50.0%. The inventory for 5 bedroom homes remained the same. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +50.0%. The inventory for 4 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Elmwood Charter Township, MI cost?
Over Asking Price0 Home
At Asking Price1 Home
Under Asking Price3 Homes
Insight
If you're buying a home in Elmwood Charter Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Elmwood Charter Township in February 2025, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and and 0% were sold over asking.
Days on Market for Elmwood Charter Township, MI
How long does it take to sell a home in Elmwood Charter Township, MI?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days2 Homes
Over 90 Days2 Homes
Insight
Avg time on Rocket Homes in Elmwood Charter Township has remained consistent over time.
Summary: During February 2025, 4 homes were sold in Elmwood Charter Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Average Sale Time
| Last Month | 1 month ago | Change MoM |
|---|---|---|
| 87 DaysLast MonthFeb 2025 | ||
| 59 Days1 month agoJan 2025 | +45.8 % Change MoMJan – Feb |
Summary: Homes in Elmwood Charter Township had an average listing age of 87 days in Feb 2025, up by 45.8% compared to the previous month.
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Newest Listings in Elmwood Charter Township, MI
What homes are available in Elmwood Charter Township, MI?
New - 4 days on Rocket
#1931260, Michael Annelin, Listing Office: CENTURY 21 Northland
New - 4 days on Rocket
$5,759 Closing Credit¹
#1931258, Jonathan Oltersdorf, Listing Office: Oltersdorf Realty, LLC
New - 7 days on Rocket
#1931166, Robin Vilter, Listing Office: Five Star Real Estate - Front St TC
$5,522 Closing Credit¹
#1931034, Ann Porter, Listing Office: REO-TCRandolph-233022
$8,253 Closing Credit¹
#1930854, Matthew Dakoske, Listing Office: REMAX Bayshore - Union St TC
$3,313 Closing Credit¹
#78080054140, Danielle Jerome, Karen J Schmidt, Listing Office: Coldwell Banker Schmidt Traverse City
#1930635, James Christians, Listing Office: REO-TCRandolph-233022
Video tour
$8,906 Closing Credit¹
#1930625, Janel Brown, Listing Office: REO-TCFront-233021
$10,000 Closing Credit¹
#1930596, Jennifer Gaston, Listing Office: REMAX Bayshore - Union St TC
$6,757 Closing Credit¹
#1930519, Blake Bernard, Listing Office: REO-TCRandolph-233022
#1930303, Matthew Dakoske, Listing Office: REMAX Bayshore - Union St TC
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MLS Disclaimers and Copyright
Based on information from Northern Great Lakes Realtors MLS, and RealComp II Ltd. for the period 01/01/2025 - 03/01/2025
Copyright © 2025 Northern Great Lakes REALTORS® MLS™ All Rights Reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/10/2025, 2:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/10/2025, 2:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/10/2025, 2:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.