Housing Prices in Beaver Island, MI
How much do homes in Beaver Island, MI cost?
Median List Price
$427,000
$256/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in Beaver Island has increased by 17% since last year.
Summary: The median home list price in Beaver Island was $427,000 in March 2024, up 17% from the previous year, and the median price per square foot was $256.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $235K | N/A |
| 2 Bedrooms | $262.5K | $438.4K | +67.0% |
| 3 Bedrooms | $362.4K | $430K | +18.6% |
| 4 Bedrooms | $419K | $295K | -29.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Beaver Island housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 67%, 3 bedroom homes increased by 18.6%, 4 bedroom homes decreased by 29.6%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Beaver Island | $365K | $427K | +17.0% |
| Saint James Township | $365K | $295K | -19.2% |
Housing Supply in Beaver Island, MI
How many homes are available in Beaver Island, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Summary: The Beaver Island real estate market had 2 homes for sale in March 2024, a 100.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Beaver Island housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Days on Market for Beaver Island, MI
How long does it take to sell a home in Beaver Island, MI?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 192 Days | 21 Days | -89.1% |
Summary: Homes in Beaver Island had an average listing age of 21 days in Mar 2024, down by 89.1% compared to the previous year.
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