Is Cheboygan, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cheboygan has remained a Seller's Market.
Housing Prices in Cheboygan, MI
How much do homes in Cheboygan, MI cost?
Median Sold Price
$205,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cheboygan was $205,000 in April 2024, up 36.7% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80.7K | $215K | +166.3% |
2 Bedrooms | $132.5K | $173K | +30.6% |
3 Bedrooms | $145K | $195K | +34.5% |
4 Bedrooms | $210K | $266K | +26.7% |
5+ Bedrooms | $290K | $330K | +13.8% |
Summary: Cheboygan housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 166.3%, 2 bedroom homes increased by 30.6%, 3 bedroom homes increased by 34.5%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 13.8%.
Median Sold Price Compared To Nearby Cities
Inverness Township | $157.4K | $224.7K | +42.7% |
Cheboygan | $149.9K | $205K | +36.7% |
Benton Township | $250K | $303.7K | +21.5% |
Housing Supply in Cheboygan, MI
How many homes are available in Cheboygan, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 61 | +27.1% |
Summary: The Cheboygan real estate market had 61 homes for sale in April 2024, a 27.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 6 | 11 | +83.3% |
3 Bedrooms | 25 | 33 | +32.0% |
4 Bedrooms | 10 | 11 | +10.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Cheboygan housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 83.3%, 3 bedroom homes increased by 32%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 16 | +77.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Cheboygan in April 2024, up by 77.8% month-over-month. Of the 16 sold homes, 56% were sold under asking, 19% were sold at asking, and 25% were sold over asking.
Days on Market for Cheboygan, MI
We’re sorry, we don't have information for this market at the moment