Is Arenac County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Arenac County has remained a Seller's Market.
Housing Prices in Arenac County, MI
How much do homes in Arenac County, MI cost?
Median Sold Price
$135,000
$129/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Arenac County was $135,000 in April 2024, down 31.2% from last month, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $175K | $82.5K | -52.9% |
3 Bedrooms | $223.7K | $180.7K | -19.2% |
4 Bedrooms | $217.5K | $250K | +14.9% |
5+ Bedrooms | - | - | N/A |
Summary: Arenac County housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 52.9%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes did not change.
Housing Supply in Arenac County, MI
How many homes are available in Arenac County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 61 | +15.1% |
Summary: The Arenac County real estate market had 61 homes for sale in April 2024, a 15.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 18 | 17 | -5.6% |
3 Bedrooms | 19 | 26 | +36.8% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Arenac County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 36.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 14 | +40.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Arenac County in April 2024, up by 40.0% month-over-month. Of the 13 sold homes, 54% were sold under asking, 38% were sold at asking, and 8% were sold over asking.
Days on Market for Arenac County, MI
How long does it take to sell a home in Arenac County, MI?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 Days | 62 Days | -2.0% |
Summary: Homes in Arenac County had an average of 62 days on market in Apr 2024, down by 2% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Arenac County; 29% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.