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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Charlevoix County is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Charlevoix County, MI

How much do homes in Charlevoix County, MI cost?

Median Sold Price

$339,166

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$14,166(+4.4%)

Key Takeaway

Homes in Charlevoix County have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Charlevoix County was $339,166 in February 2024, up 4.4% from last year, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $155K$162.5K
+4.8%
2 $245K$260K
+6.1%
3 $310K$347.4K
+12.1%
4 $445K$469.5K
+5.5%
5+ $850K$1.0M
+19.9%

Summary: Charlevoix County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 19.9%.

Median Sold Price Compared To Nearby Counties

Emmet County
+8.3%
Cheboygan County
+7.0%
Charlevoix County
+4.4%
Otsego County
+4.2%
Antrim County
+3.5%

Housing Supply in Charlevoix County, MI

How many homes are available in Charlevoix County, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
102109+6.9%

Summary: The Charlevoix County real estate market had 109 homes for sale in February 2024, a 6.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 73
-57.1%
2 2122
+4.8%
3 4353
+23.3%
4 1518
+20.0%
5+ 1613
-18.8%

Summary: The Charlevoix County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 57.1%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 18.8%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2420-16.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Charlevoix County, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Charlevoix County in February 2024, down by 16.7% month-over-month. Of the 19 sold homes, 58% were sold under asking, 5% were sold at asking, and 37% were sold over asking.

Days on Market for Charlevoix County, MI

How long does it take to sell a home in Charlevoix County, MI?

Average Sale Time

Feb 2023Feb 2024CHANGE
433 Days96 Days-77.7%

Summary: Homes in Charlevoix County had an average of 96 days on market in Feb 2024, down by 77.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Charlevoix County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 20 homes were sold in Charlevoix County; 5% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

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

Report Updated 27 Days Ago

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