Is Cheboygan County, 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, Cheboygan County was a Seller's Market.
Key Takeaway
Cheboygan County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cheboygan County, MI
How much do homes in Cheboygan County, MI cost?
Median Sold Price
$227,500
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cheboygan County have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Cheboygan County was $227,500 in March 2024, up 11.8% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $215K | +30.3% |
| 2 Bedrooms | $165K | $184.5K | +11.8% |
| 3 Bedrooms | $213.2K | $226K | +6.0% |
| 4 Bedrooms | $226K | $290K | +28.3% |
| 5+ Bedrooms | $402.5K | $355K | -11.8% |
Summary: Cheboygan County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.3%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 28.3%, and 5+ bedroom homes decreased by 11.8%.
Median Sold Price Compared To Nearby Counties
| Presque Isle County | $165K | $194.2K | +17.7% |
| Cheboygan County | $203.5K | $227.5K | +11.8% |
Housing Supply in Cheboygan County, MI
How many homes are available in Cheboygan County, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 87 | 103 | +18.4% |
Summary: The Cheboygan County real estate market had 103 homes for sale in March 2024, a 18.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 15 | 13 | -13.3% |
| 3 Bedrooms | 37 | 44 | +18.9% |
| 4 Bedrooms | 22 | 29 | +31.8% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Cheboygan County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cheboygan County, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Cheboygan County in March 2024, up by 33.3% month-over-month. Of the 16 sold homes, 69% were sold under asking, 19% were sold at asking, and 13% were sold over asking.
Days on Market for Cheboygan County, MI
We’re sorry, we don't have information for this market at the moment
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The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved
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