Is Boyne Valley Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Boyne Valley Township has remained a Seller's Market.
Key Takeaway
Boyne Valley Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Boyne Valley Township, MI
How much do homes in Boyne Valley Township, MI cost?
Median Sold Price
$300,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Boyne Valley Township have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Boyne Valley Township was $300,000 in May 2024, up 10.7% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $122.2K | -37.3% |
| 2 Bedrooms | $268K | $210K | -21.6% |
| 3 Bedrooms | $305K | $325K | +6.6% |
| 4 Bedrooms | $250K | $825K | +230.0% |
| 5+ Bedrooms | $1.1M | - | N/A |
Summary: Boyne Valley Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.3%, 2 bedroom homes decreased by 21.6%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 230%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Melrose Township | $279.4K | $318K | +13.8% |
| Boyne Valley Township | $271K | $300K | +10.7% |
| Boyne City | $350.7K | $386.4K | +10.2% |
| Boyne Falls | $262K | $253.5K | -3.2% |
Housing Supply in Boyne Valley Township, MI
How many homes are available in Boyne Valley Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 15 | +66.7% |
Summary: The Boyne Valley Township real estate market had 15 homes for sale in May 2024, a 66.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 1 | 5 | +400.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Boyne Valley Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 400%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boyne Valley Township, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Boyne Valley Township in May 2024, up by 400.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Boyne Valley Township, MI
We’re sorry, we don't have information for this market at the moment
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