Is Cheboygan, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Cheboygan has remained a Seller's Market.
Housing Prices in Cheboygan, MI
How much do homes in Cheboygan, MI cost?
Median Sold Price
$199,900
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cheboygan was $199,900 in March 2024, up 33.4% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80.7K | $215K | +166.3% |
2 Bedrooms | $128K | $173K | +35.2% |
3 Bedrooms | $147K | $186.4K | +26.8% |
4 Bedrooms | $191K | $272K | +42.4% |
5+ Bedrooms | $290K | $330K | +13.8% |
Summary: Cheboygan housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 166.3%, 2 bedroom homes increased by 35.2%, 3 bedroom homes increased by 26.8%, 4 bedroom homes increased by 42.4%, and 5+ bedroom homes increased by 13.8%.
Median Sold Price Compared To Nearby Cities
Cheboygan | $149.9K | $199.9K | +33.4% |
Benton Township | $269.2K | $255K | -5.3% |
Housing Supply in Cheboygan, MI
How many homes are available in Cheboygan, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 45 | +21.6% |
Summary: The Cheboygan real estate market had 45 homes for sale in March 2024, a 21.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 19 | 22 | +15.8% |
4 Bedrooms | 4 | 10 | +150.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Cheboygan housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 10 | +25.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Cheboygan in March 2024, up by 25.0% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for Cheboygan, MI
We’re sorry, we don't have information for this market at the moment