Is Boyne City, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Boyne City has remained a Seller's Market.
Key Takeaway
Boyne City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Boyne City, MI
How much do homes in Boyne City, MI cost?
Median Sold Price
$382,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Boyne City have sold for 22.2% more than they did a year ago.
Summary: The median home sold price in Boyne City was $382,000 in April 2024, up 22.2% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335K | $205K | -38.8% |
| 2 Bedrooms | $178.8K | $206K | +15.2% |
| 3 Bedrooms | $332.5K | $357K | +7.4% |
| 4 Bedrooms | $350.7K | $583.2K | +66.3% |
| 5+ Bedrooms | $425K | $1.2M | +194.1% |
Summary: Boyne City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.8%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 66.3%, and 5+ bedroom homes increased by 194.1%.
Median Sold Price Compared To Nearby Cities
| Wilson Township | $203.5K | $291.7K | +43.4% |
| Boyne City | $312.5K | $382K | +22.2% |
| Boyne Valley Township | $265K | $223.5K | -15.7% |
Housing Supply in Boyne City, MI
How many homes are available in Boyne City, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 31 | +6.9% |
Summary: The Boyne City real estate market had 31 homes for sale in April 2024, a 6.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 8 | +100.0% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Boyne City 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 increased by 100%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Boyne City, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Boyne City in April 2024, down by 11.1% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Boyne City, MI
We’re sorry, we don't have information for this market at the moment
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