Is Arenac County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Arenac County is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Arenac County has remained a Seller's Market.

Key Takeaway

Arenac County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Arenac County, MI cost?

Median Sold Price

$158,500

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$31,100(+24.4%)

Key Takeaway

Homes in Arenac County have sold for 24.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $60K$94K
+56.7%
2 $97.7K$140K
+43.3%
3 $136.4K$163.5K
+19.8%
4 $237K$185K
-21.9%
5+ $110.2K$258.6K
+134.6%

Median Sold Price Compared To Nearby Counties

Arenac County
+24.4%
Iosco County
+17.5%
Gladwin County
+12.1%
Bay County
+10.0%
Ogemaw County
+4.2%

How many homes are available in Arenac County, MI?

Number of Homes For Sale

Jul 2022Aug 2022%
81100+23.5%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 55
0.0%
2 2330
+30.4%
3 3541
+17.1%
4 1521
+40.0%
5+ 33
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
1121+90.9%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Arenac County, you may be able to get a good deal. 65% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
25 Days45 Days+73.7%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Arenac County has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Arenac County, MI

Arenac County, MI has 100 homes for sale to choose from. The number of homes for sale in Arenac County, MI increased by 23.5% between July 2022 and August 2022. Listings spent 45 days on the market in August 2022, and had a median list price of $158,500 during the same period. Listing prices have changed in this real estate market between July 2022 and August 2022: 1 bedroom properties became 56.7% more expensive, the cost of 2 bedrooms properties went up by 43.3%, 3 bedrooms properties prices increased by 19.8%, 4 bedrooms properties prices decreased by 21.9%, 5 bedrooms properties prices increased by 134.6%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, volume of 2 bedrooms homes went up by 30.4%, 3 bedrooms homes became 17.1% more available, volume of 4 bedrooms homes went up by 40%, 5 bedrooms homes inventory did not change. Arenac County, MI housing market in August 2022 saw over 3 listings sold above listed price, more than 4 sold at listed price and over 13 sold below.

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