Harbor Springs Housing Market Report May 2025•Emmet County, Michigan

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Housing Prices in Harbor Springs, MI

How much do homes in Harbor Springs, MI cost?

Housing Market Conditions

Is Harbor Springs, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Harbor Springs is a Buyer's Market

Difference Since May 2024

At the same time last year, Harbor Springs was a Seller's Market.

Insight

Harbor Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$541,450$275/SqFt
+$16,150
+3.1%

Based on all homes sold in the last 12 months

Insight

Homes in Harbor Springs have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Harbor Springs was $541,450 in May 2025, up 3.1% from last year, and the median price per square foot was $275.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Harbor Springs
+3.1%
Little Traverse Township
+0.6%
West Traverse Township
-5.2%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1$295K$270K
-8.5%
2$460.4K$390.5K
-15.2%
3$481K$530K
+10.2%
4$862.5K$639.8K
-25.8%
5$950K$1.2M
+36.1%

Summary: Harbor Springs housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -8.5%. The home price for 2 bedroom homes decreased by -15.2%. The home price for 3 bedroom homes increased by +10.2%. The home price for 4 bedroom homes decreased by -25.8%. The home price for 5 bedroom homes increased by +36.1%.

How does Harbor Springs, MI compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Harbor Springs, MI

Housing supply in Harbor Springs, MI

How many homes are available in Harbor Springs, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
92Last MonthMay 2025
682 months agoApr 2025
+35.3 %
Change MoMApr – May

Summary: The Harbor Springs real estate market had 92 homes for sale in May 2025, a 35.3 % increase compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
11Last MonthMay 2025
82 months agoApr 2025
+37.5 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
124
+100.0%
2139
-30.8%
32438
+58.3%
41826
+44.4%
51115
+36.4%

Summary: Harbor Springs housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes decreased by -30.8%. The inventory for 3 bedroom homes increased by +58.3%. The inventory for 4 bedroom homes increased by +44.4%. The inventory for 5 bedroom homes increased by +36.4%.

Asking Price vs. Sold Price

How much do homes in Harbor Springs, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price3 Homes

Under Asking Price6 Homes

Insight

If you're buying a home in Harbor Springs, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Harbor Springs in May 2025, up by 37.5% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and and 18% were sold over asking.

Days on Market for Harbor Springs, MI

How long does it take to sell a home in Harbor Springs, MI?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in Harbor Springs are selling fast, if you're buying plan to act quickly.

Summary: During May 2025, 11 homes were sold in Harbor Springs; 9% 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.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
6 DaysThis YearMay 2025
21 Days1 year agoMay 2024
-71.9 %
Change YoYMay 2024 – May 2025

Summary: Homes in Harbor Springs had an average listing age of 6 days in May 2025, down by 71.9% compared to the previous year.

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Newest Listings in Harbor Springs, MI

What homes are available in Harbor Springs, MI?

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Nearby markets

Popular Cities with Homes for Sale in Michigan

MLS Disclaimers and Copyright

Based on information from Northern Michigan MLS, Water Wonderland MLS Inc., and RealComp II Ltd. for the period 06/01/2023 - 06/01/2025

IDX The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is 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 about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2025 NM-MLS. All rights reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2025, 10:45:26 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX © 2025 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is 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. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2025, 10:40:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXDisclaimer: 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: 6/3/2025, 10:45:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.