How much does it cost to buy a house in Torch Lake, MI?

In May 2026 Torch Lake homes were listed to buy for a median price of $2.7M, which is a 9% decrease to April 2025 last month, and a 8% decrease to May 2025 last year. The median value of a home listed to buy in Torch Lake in May 2026 was $1,150 per sqft, which is a 9% decrease to April 2025 last month, and a 8% decrease to May 2025 last year.

Is it affordable or expensive to live in Torch Lake, MI?

It is expensive to live in Torch Lake. Buying a home in Torch Lake is 6% more expensive compared with the national average.

Is it a good time to buy property in Torch Lake, MI?

Yes now is a good time to buy property in Torch Lake, in May 2026, homes in Torch Lake have decreased in value (price per sqft) by 8% in the last year compared with May 2025.

Is the Torch Lake, MI housing market slowing down?

In May 2026, homes to buy in Torch Lake spent an median 298 days on the market, a same May 2025 last year.

How much money should I make to buy a house in Torch Lake, MI?

In May 2026, Torch Lake homes were listed to buy for a median price of $2.7M, with 25% down you would need $16.7K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $572K.

Is it a good time to sell my house in Torch Lake, MI?

Yes now is a good time to sell your house in Torch Lake, in May 2026, homes in Torch Lake have decreased in value (price per sqft) by 8% in the last year compared with May 2025.

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Torch Lake, MI Real Estate Snapshot

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Frequently Asked Questions about Torch Lake, MI

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