$3,561 Closing Credit*
$299,900
1,100 SqFt
3 Beds
•1 Full Bath
Sarah Angevine, Listing Office: Keller Williams Advantage
Is Chippewa Lake, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Chippewa Lake was a Neutral Market.
Key Takeaway
Chippewa Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chippewa Lake, MI
How much do homes in Chippewa Lake, MI cost?
Median Sold Price
$100,000
$111/sqft
Based on all homes sold in September 2024.
Difference Since Last Month
+$28,000(+38.9%)
Key Takeaway
Homes in Chippewa Lake have sold for 38.9% more than they did a month ago.
Summary: The median home sold price in Chippewa Lake was $100,000 in September 2024, up 38.9% from last month, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $72K | $100K | +38.9% |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Chippewa Lake housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.9%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Chippewa Lake, MI
How many homes are available in Chippewa Lake, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The Chippewa Lake real estate market had 5 homes for sale in September 2024, a 16.7% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Chippewa Lake housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chippewa Lake, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Chippewa Lake in September 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Chippewa Lake, MI
How long does it take to sell a home in Chippewa Lake, MI?
Average Sale Time
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 99 Days | 4 Days | -96.0% |
Summary: Homes in Chippewa Lake had an average of 4 days on market in Sep 2024, down by 96% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chippewa Lake are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 1 homes were sold in Chippewa Lake; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
