New - 1 day on Rocket
DENNIS STANLEY, Listing Office: ARENAC REALTY CO., PETE STANLEY & ASSOCIATES
Tawas City Housing Market Report December 2024•Iosco County, Michigan
Housing Prices in Tawas City, MI
How much do homes in Tawas City, MI cost?
Housing Market Conditions
Is Tawas City, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Tawas City is a Seller's Market
Difference Since December 2023
Since last year, Tawas City has remained a Seller's Market.
Insight
Tawas City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$195,350$146/SqFt
-$14,650
-7.0%
Based on all homes sold in the last 12 months
Insight
Homes in Tawas City have sold for 7% less than they did a year ago.
Summary: The median home sold price in Tawas City was $195,350 in December 2024, down 7% from last year, and the median price per square foot was $146.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| East Tawas | $155K | $205K | +32.3% |
| Baldwin Township | $147.3K | $159.7K | +8.5% |
| Tawas City | $210K | $195.3K | -7.0% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $40K | $55K | +37.5% |
| 22 Bedrooms | $241K | $178.9K | -25.8% |
| 33 Bedrooms | $161K | $215K | +33.5% |
| 44 Bedrooms | $404.5K | $248.5K | -38.6% |
| 55+ Bedrooms | $165K | $247.8K | +50.2% |
Summary: Tawas City housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +37.5%. The home price for 2 bedroom homes decreased by -25.8%. The home price for 3 bedroom homes increased by +33.5%. The home price for 4 bedroom homes decreased by -38.6%. The home price for 5 bedroom homes increased by +50.2%.
Housing supply in Tawas City, MI
How many homes are available in Tawas City, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 20Last MonthDec 2024 | ||
| 202 months agoNov 2024 | 0.0 % Change MoMNov – Dec |
Summary: The Tawas City real estate market had 20 homes for sale in Dec 2024, the same as Nov 2024
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 4Last MonthDec 2024 | ||
| 32 months agoNov 2024 | +33.3 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 3 | 2 | -33.3% |
| 33 Bedrooms | 11 | 11 | 0.0% |
| 44 Bedrooms | 4 | 5 | +25.0% |
| 55+ Bedrooms | 2 | 2 | 0.0% |
Summary: Tawas City housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -33.3%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +25.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Tawas City, MI cost?
Over Asking Price0 Home
At Asking Price1 Home
Under Asking Price3 Homes
Insight
If you're buying a home in Tawas City, 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 Tawas City in December 2024, 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 Tawas City, MI
How long does it take to sell a home in Tawas City, MI?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days1 Home
Over 90 Days3 Homes
Insight
Most homes in Tawas City are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 4 homes were sold in Tawas City; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 130 DaysThis YearDec 2024 | ||
| 56 Days1 year agoDec 2023 | +132.6 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Tawas City had an average listing age of 130 days in Dec 2024, up by 132.6% compared to the previous year.
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Newest Listings in Tawas City, MI
What homes are available in Tawas City, MI?
New - 2 days on Rocket
$3,741 Closing Credit¹
LAURA KENDALL, Listing Office: TAWAS SUNSHINE REALTY
New - 5 days on Rocket
$2,007 Closing Credit¹
GAIL ANNE GOCHA, Listing Office: STERLING PROPERTIES
NATALIE WOOD, Listing Office: HERITAGE HOUSE REALTY PC
$2,719 Closing Credit¹
PATRICIA DACK, Listing Office: C.A.HANES REALTY- M33
$2,957 Closing Credit¹
TODD BATHER, Listing Office: TARGET REAL ESTATE COMPANY
JENIFER JOHNSON, Listing Office: C.A.HANES REALTY- M33
PATT RUSSLER, Listing Office: BEST CHOICE REALTY, INC.
MARK STERLING, Listing Office: STERLING PROPERTIES
$3,551 Closing Credit¹
Michael A Ferrera, Listing Office: 3DX Real Estate LLC
$9,369 Closing Credit¹
CRAIG MCMURRAY, Listing Office: TAWAS SUNSHINE REALTY
$9,203 Closing Credit¹
Natalie Fox, Listing Office: Red Fox Realty LLC
Nearby markets
Nearby markets aren't available for Tawas City, MI
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MLS Disclaimers and Copyright
Based on information from Northern Great Lakes Realtors MLS, RealComp II Ltd., and Michigan Regional Information Center LLC for the period 01/01/2023 - 01/01/2025
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: 1/30/2025, 9:20:52 AM 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: 1/30/2025, 9:20:52 AM 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: 1/30/2025, 9:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2025 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. 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: 1/30/2025, 9:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.