Is Chippewa Lake, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chippewa Lake is a neutral's market

Buyer's
Market

Difference Since August 2021

At the same time last year, Chippewa Lake was a Seller's Market.

Key Takeaway

Chippewa Lake is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Chippewa Lake, MI cost?

Median Sold Price

$274,000

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$48,000(+21.2%)

Key Takeaway

Homes in Chippewa Lake have sold for 21.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $105K$159.9K
+52.3%
3 $238.2K$325.9K
+36.8%
4 -$415K
N/A
5+ $285K-
N/A

Median Sold Price Compared To Nearby Cities

Chippewa Township
+33.2%
Rodney
+21.4%
Chippewa Lake
+21.2%

How many homes are available in Chippewa Lake, MI?

Number of Homes For Sale

Jul 2022Aug 2022%
770.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 22
0.0%
3 33
0.0%
4 22
0.0%
5+ 00
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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.

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

About Chippewa Lake, MI

There are 7 homes are for sale in Chippewa Lake, MI real estate market. Listing prices have changed in this real estate market between July 2022 and August 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 52.3%, prices of 3 bedrooms properties increased by 36.8%, 4 bedrooms properties became 0% more expensive, prices of 5 bedrooms properties increased by 0%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes have not changed, 3 bedrooms homes inventory did not change, 4 bedrooms homes inventory did not change, 5 bedrooms homes did not move. Over 0 listings were sold over their listed price in August 2022 in Chippewa Lake, MI. In the same period over 0 listings were sold below the listed price and 1 listings were sold for the listed price.

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