Is Emmet County, 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, Emmet County has remained a Seller's Market.
Key Takeaway
Emmet County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Emmet County, MI
How much do homes in Emmet County, MI cost?
Median Sold Price
$421,612
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Emmet County have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Emmet County was $421,612 in March 2024, up 4.6% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $194.5K | $259K | +33.2% |
| 2 Bedrooms | $272.5K | $325K | +19.3% |
| 3 Bedrooms | $398.7K | $399.9K | 0.3% |
| 4 Bedrooms | $628.3K | $580K | -7.7% |
| 5+ Bedrooms | $938.1K | $1.2M | +33.5% |
Summary: Emmet County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.2%, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 33.5%.
Median Sold Price Compared To Nearby Counties
| Cheboygan County | $203.5K | $227.5K | +11.8% |
| Charlevoix County | $329.9K | $347.4K | +5.3% |
| Emmet County | $403K | $421.6K | +4.6% |
Housing Supply in Emmet County, MI
How many homes are available in Emmet County, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 165 | 178 | +7.9% |
Summary: The Emmet County real estate market had 178 homes for sale in March 2024, a 7.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 16 | +14.3% |
| 2 Bedrooms | 30 | 33 | +10.0% |
| 3 Bedrooms | 64 | 70 | +9.4% |
| 4 Bedrooms | 37 | 33 | -10.8% |
| 5+ Bedrooms | 20 | 26 | +30.0% |
Summary: The Emmet County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 31 | +3.3% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Emmet County, you may be able to get a good deal. 67.7% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Emmet County in March 2024, up by 3.3% month-over-month. Of the 31 sold homes, 68% were sold under asking, 23% were sold at asking, and 10% were sold over asking.
Days on Market for Emmet County, MI
How long does it take to sell a home in Emmet County, MI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Emmet County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 31 homes were sold in Emmet County; 6% 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.
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Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. 
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.