Is Boyne City, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Boyne City has remained a Seller's Market.
Housing Prices in Boyne City, MI
How much do homes in Boyne City, MI cost?
Median Sold Price
$383,500
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Boyne City was $383,500 in February 2024, up 23.7% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $335K | $205K | -38.8% |
2 Bedrooms | $217K | $199.9K | -7.9% |
3 Bedrooms | $310K | $382K | +23.2% |
4 Bedrooms | $350.7K | $517.5K | +47.5% |
5+ Bedrooms | $425K | $1.2M | +194.1% |
Summary: Boyne City housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.8%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes increased by 23.2%, 4 bedroom homes increased by 47.5%, and 5+ bedroom homes increased by 194.1%.
Median Sold Price Compared To Nearby Cities
Melrose Township | $240K | $450K | +87.5% |
Boyne City | $310K | $383.5K | +23.7% |
Housing Supply in Boyne City, MI
How many homes are available in Boyne City, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
28 | 26 | -7.1% |
Summary: The Boyne City real estate market had 26 homes for sale in February 2024, a 7.1% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 14 | 15 | +7.1% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Boyne City housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
11 | 6 | -45.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Boyne City in February 2024, down by 45.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Boyne City, MI
How long does it take to sell a home in Boyne City, MI?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 6 homes were sold in Boyne City; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.