Is Houghton Lake, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Houghton Lake was a Neutral Market.
Housing Prices in Houghton Lake, MI
How much do homes in Houghton Lake, MI cost?
Median Sold Price
$180,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Houghton Lake was $180,000 in April 2024, down 2.2% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $79.9K | $85K | +6.3% |
2 Bedrooms | $139K | $135K | -2.9% |
3 Bedrooms | $210K | $207K | -1.4% |
4 Bedrooms | $463.5K | $305K | -34.2% |
5+ Bedrooms | $179.9K | $822K | +356.9% |
Summary: Houghton Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 34.2%, and 5+ bedroom homes increased by 356.9%.
Median Sold Price Compared To Nearby Cities
Denton Township | $169.9K | $225K | +32.4% |
Prudenville | $169.4K | $223.5K | +31.9% |
Roscommon Township | $168.6K | $180K | +6.8% |
Houghton Lake | $184K | $180K | -2.2% |
Housing Supply in Houghton Lake, MI
How many homes are available in Houghton Lake, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
54 | 77 | +42.6% |
Summary: The Houghton Lake real estate market had 77 homes for sale in April 2024, a 42.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 9 | 19 | +111.1% |
3 Bedrooms | 35 | 43 | +22.9% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Houghton Lake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 111.1%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 6 | -45.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Houghton Lake in April 2024, down by 45.5% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Houghton Lake, MI
How long does it take to sell a home in Houghton Lake, MI?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Houghton Lake; 0% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.