Is Emmet County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2021
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.
How much do homes in Emmet County, MI cost?
Median Sold Price
$368,350
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2021
Key Takeaway
Homes in Emmet County have sold for 18.8% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Aug 2021 | Aug 2022 | % |
|---|---|---|---|
| 1 Bedroom | $161.2K | $172.7K | +7.1% |
| 2 Bedrooms | $220K | $250K | +13.6% |
| 3 Bedrooms | $298.2K | $349.9K | +17.3% |
| 4 Bedrooms | $430K | $539K | +25.3% |
| 5+ Bedrooms | $777.5K | $890K | +14.5% |
Median Sold Price Compared To Nearby Counties
| % | |
|---|---|
| Emmet County | +18.8% |
| Charlevoix County | +12.7% |
| Cheboygan County | +10.1% |
How many homes are available in Emmet County, MI?
Number of Homes For Sale
| Jul 2022 | Aug 2022 | % |
|---|---|---|
| 284 | 277 | -2.5% |
Homes For Sale By Bedroom Count
| # BEDS | Jul 2022 | Aug 2022 | % |
|---|---|---|---|
| 1 Bedroom | 11 | 7 | -36.4% |
| 2 Bedrooms | 35 | 42 | +20.0%  |
| 3 Bedrooms | 126 | 123 | -2.4% |
| 4 Bedrooms | 72 | 67 | -6.9% |
| 5+ Bedrooms | 40 | 38 | -5.0% |
Number of Homes Sold
| Jul 2022 | Aug 2022 | % |
|---|---|---|
| 78 | 67 | -14.1% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Emmet County, you could pay more than the asking price. 40.3% of homes here sold above asking price last month.
Average Sale Time
| Aug 2021 | Aug 2022 | % |
|---|---|---|
| 37 Days | 90 Days | +138.9% |
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Emmet County are taking a long time to sell, it's a good idea to negotiate on homes here.
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