Tobacco Township Housing Market Report February 2025Gladwin County, Michigan

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Housing Prices in Tobacco Township, MI

How much do homes in Tobacco Township, MI cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$234,450$169/SqFt
+$52,000
+28.5%

Based on all homes listed in the last 12 months

Insight

The list price of homes in Tobacco Township has increased by 28.5% since last year.

Summary: The median home list price in Tobacco Township was $234,450 in February 2025, up 28.5% from the previous year, and the median price per square foot was $169.

Median List Price By Cities

Median List 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
Billings Township
+32.7%
Tobacco Township
+28.5%
Beaverton
+14.4%

Median List Price By Bedrooms

Median List 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.
BedsFeb 2024Feb 2025Change YoY
1-$179.9K
N/A
2$162.4K$179.9K
+10.7%
3$175K$229.9K
+31.4%
4$385.5K$312.3K
-19.0%
5$522K$599.9K
+14.9%

Summary: Tobacco Township housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +10.7%. The home price for 3 bedroom homes increased by +31.4%. The home price for 4 bedroom homes decreased by -19.0%. The home price for 5 bedroom homes increased by +14.9%.

Housing supply in Tobacco Township, MI

How many homes are available in Tobacco Township, 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
13Last MonthFeb 2025
162 months agoJan 2025
-18.8 %
Change MoMJan – Feb

Summary: The Tobacco Township real estate market had 13 homes for sale in Feb 2025, a 18.8 % decrease compared to Jan 2025.

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.
BedsJan 2025Feb 2025Change MoM
100
0.0%
253
-40.0%
387
-12.5%
422
0.0%
511
0.0%

Summary: Tobacco Township housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -40.0%. The inventory for 3 bedroom homes decreased by -12.5%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Days on Market for Tobacco Township, MI

How long does it take to sell a home in Tobacco Township, MI?

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
107 DaysThis YearFeb 2025
294 Days1 year agoFeb 2024
-63.6 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Tobacco Township had an average listing age of 107 days in Feb 2025, down by 63.6% compared to the previous year.

Newest Listings in Tobacco Township, MI

What homes are available in Tobacco Township, MI?

Nearby markets

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Last updated on: 3/3/2025, 7:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/3/2025, 7:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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: 3/3/2025, 7:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.