East Tawas, MI Home Values & Market Trends

Real estate market trends reflect that there have been 90 transactions over the past year in East Tawas. The median value for residential home transactions that occurred over the previous year is $183,652.29. The number of current listings in East Tawas is 8, and the percentage of properties for sale in the city is 8.00%. East Tawas, MI currently has 4 properties in foreclosure, 2 bank owned properties, 2 properties headed for auction, and 8 properties for sale.

East Tawas, MI Real Estate Market Overview

ZipMedian Est. Value
48730

$ 177,244

$ 151/sqft

Housing Market Summary for East Tawas, MI

Apr 2023March 2024Change
Median Listing Price$325K$185.5K-42.93%
Median Sold Price$149.9K$185.5K23.73%
Homes For Sale5860.00%
Homes Sold253644.00%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in East Tawas, MI

East Tawas home values range from $20,792 to $4,766,810. The median estimated value of a home in East Tawas is $183,652.29. The median list price of a home is 186,450, and the total count of properties in the city is 1,941.

Foreclosure
There is 1 zips within East Tawas, MI; within this zips, the median estimated home value for homes in foreclosure ranges from $225,354 in 48730 to the lowest value of $109,000 in 48730. Foreclosure homes account for 0.00% of properties in East Tawas, MI with 48730 containing 4 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in East Tawas, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within East Tawas, MI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in East Tawas, MI ranges from the highest value of $118,882 in 48730 to the lowest value of $109,000 in 48730. Bank owned homes and properties account for 0.10% of properties in East Tawas, MI. There is 1 zips within East Tawas, MI; 48730 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    48730 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of East Tawas, MI. Auction homes and other auction properties account for 0.10% of all properties in East Tawas, MI. There is 1 zips within East Tawas, MI; of that zips, the median estimated home value for homes going to auction ranges from $225,354 in 48730 to the lowest value of $146,585 in 48730.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.41% of residential properties in East Tawas, MI with 48730 containing 8 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within East Tawas, MI; homes for sale in that zips, have a range of median values from $459,900 in 48730 to the lowest value of $136,555 in 48730.
    Sold Homes
    The median value for recently sold homes ranges from $887,417 in 48730 to the lowest price of $40,104 in 48730. There is 1 zips within East Tawas, MI. 48730 has 35 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.80% of properties in East Tawas, MI.

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      Guide for East Tawas, MI

      RealtyTrac Market Report
      Michigan
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan
      Lansing Home Values Surge to $132,500 Amid Real Estate Growth
      Michigan
      Detroit Real Estate Market Holds Steady: 2023 in Review
      Investment Guides
      Why Buying a Foreclosure is a Smart Move
      See More Articles
      RealtyTrac Market Report
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan|posted 8 December 2023

      Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.

      Lansing Home Values Surge to $132,500 Amid Real Estate Growth
      Michigan|posted 23 April 2024

      Lansing’s real estate market has seen substantial growth in home values and sales prices from April 2023 to March 2024, positioning the city as an attractive investment prospect.

      Detroit Real Estate Market Holds Steady: 2023 in Review
      Michigan|posted 25 January 2024

      The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.

      Why Buying a Foreclosure is a Smart Move
      Investment Guides|posted 15 November 2017

      Why Buying a Foreclosure is a Smart Move

      Recently Listed Homes East Tawas, MI

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