South Gull Lake, MI

Seller's market-75.6% YoY

Housing market overview · Updated weekly

$499,000median sale price

Homes sold

3

Last 12 weeks

Days on market

87

Average pace

Active listings

1

0.3 months supply

Sale-to-list

101.1%

Above asking

The South Gull Lake housing market is currently classified as a seller's market with a median sale price of $499,000. Prices have fallen 75.6% compared to last year, with homes spending an average of 87 days on market, indicating 0.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Market trends

Homes for sale in South Gull Lake

There are currently 1 homes listed for sale in South Gull Lake, Michigan. The median listing price is $950K.

Active listings

1

Homes on market

Median list price

$950K

Avg. days on market

87

Days until sale

New this week

3

Newly listed

Price drops:100.0%of listings
Sale-to-list:101.1%

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Frequently asked questions

What is the average home price in South Gull Lake?

The median home sale price in South Gull Lake is $499,000, down 75.6% from last year.

How long do homes stay on market in South Gull Lake?

Homes typically spend 87 days on market before going under contract.

Is South Gull Lake a buyer's or seller's market?

With 0.3 months of supply, South Gull Lake is currently a seller's market.

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