Is Charlevoix, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Charlevoix was a Seller's Market.
Key Takeaway
Charlevoix is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Charlevoix, MI
How much do homes in Charlevoix, MI cost?
Median Sold Price
$325,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Charlevoix have sold for 16.7% less than they did a year ago.
Summary: The median home sold price in Charlevoix was $325,000 in March 2024, down 16.7% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $155K | +14.8% |
| 2 Bedrooms | $389.9K | $324.2K | -16.8% |
| 3 Bedrooms | $388K | $325K | -16.2% |
| 4 Bedrooms | $507.5K | $510K | 0.5% |
| 5+ Bedrooms | $700K | $674.5K | -3.6% |
Summary: Charlevoix housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.8%, 2 bedroom homes decreased by 16.8%, 3 bedroom homes decreased by 16.2%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Charlevoix Township | $395K | $333.5K | -15.6% |
| Charlevoix | $389.9K | $325K | -16.7% |
Housing Supply in Charlevoix, MI
How many homes are available in Charlevoix, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 | 52 | +20.9% |
Summary: The Charlevoix real estate market had 52 homes for sale in March 2024, a 20.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 7 | +250.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Charlevoix housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 250%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Charlevoix, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Charlevoix in March 2024, down by 41.7% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% 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
0 Homes Were Sold
Under 30 Days
1 Home Was 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 March 2024, 7 homes were sold in Charlevoix; 0% 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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