Is Charlevoix, 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, Charlevoix has remained a Seller's Market.
Key Takeaway
Charlevoix is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Charlevoix, MI
How much do homes in Charlevoix, MI cost?
Median Sold Price
$356,500
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Charlevoix have sold for 8.6% less than they did a year ago.
Summary: The median home sold price in Charlevoix was $356,500 in May 2024, down 8.6% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $150K | -21.1% |
| 2 Bedrooms | $379.4K | $325K | -14.3% |
| 3 Bedrooms | $350K | $317.5K | -9.3% |
| 4 Bedrooms | $495K | $505K | +2.0% |
| 5+ Bedrooms | $860K | $700K | -18.6% |
Summary: Charlevoix housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.1%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 18.6%.
Median Sold Price Compared To Nearby Cities
| Charlevoix Township | $389.9K | $358K | -8.2% |
| Charlevoix | $389.9K | $356.5K | -8.6% |
Housing Supply in Charlevoix, MI
How many homes are available in Charlevoix, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 53 | 72 | +35.8% |
Summary: The Charlevoix real estate market had 72 homes for sale in May 2024, a 35.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 18 | 33 | +83.3% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 7 | 12 | +71.4% |
Summary: The Charlevoix 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 decreased by 12.5%, 3 bedroom homes increased by 83.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 71.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 22 | +57.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Charlevoix, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Charlevoix in May 2024, up by 57.1% month-over-month. Of the 22 sold homes, 50% were sold under asking, 23% were sold at asking, and 27% were sold over asking.
Days on Market for Charlevoix, MI
How long does it take to sell a home in Charlevoix, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Charlevoix has remained consistent over time.
Summary: During May 2024, 22 homes were sold in Charlevoix; 5% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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