Is Charlevoix County, 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, Charlevoix County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $162.5K | +4.8% |
2 Bedrooms | $245K | $260K | +6.1% |
3 Bedrooms | $310K | $347.4K | +12.1% |
4 Bedrooms | $445K | $469.5K | +5.5% |
5+ Bedrooms | $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 | $394.9K | $427.8K | +8.3% |
Cheboygan County | $210K | $224.7K | +7.0% |
Charlevoix County | $325K | $339.1K | +4.4% |
Otsego County | $235K | $244.9K | +4.2% |
Antrim County | $275K | $284.6K | +3.5% |
Housing Supply in Charlevoix County, MI
How many homes are available in Charlevoix County, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
102 | 109 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 3 | -57.1% |
2 Bedrooms | 21 | 22 | +4.8% |
3 Bedrooms | 43 | 53 | +23.3% |
4 Bedrooms | 15 | 18 | +20.0% |
5+ Bedrooms | 16 | 13 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
24 | 20 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
433 Days | 96 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
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.