Is Charlevoix, 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, Charlevoix has remained a Seller's Market.
Key Takeaway
Charlevoix is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Charlevoix, MI
How much do homes in Charlevoix, MI cost?
Median Sold Price
$354,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Charlevoix have sold for 9.2% less than they did a year ago.
Summary: The median home sold price in Charlevoix was $354,000 in April 2024, down 9.2% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $150K | +11.1% |
| 2 Bedrooms | $389.9K | $325K | -16.6% |
| 3 Bedrooms | $388K | $325K | -16.2% |
| 4 Bedrooms | $507.5K | $485K | -4.4% |
| 5+ Bedrooms | $700K | $710K | +1.4% |
Summary: Charlevoix housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 16.6%, 3 bedroom homes decreased by 16.2%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 1.4%.
Housing Supply in Charlevoix, MI
How many homes are available in Charlevoix, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 56 | +14.3% |
Summary: The Charlevoix real estate market had 56 homes for sale in April 2024, a 14.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 17 | 22 | +29.4% |
| 4 Bedrooms | 7 | 12 | +71.4% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Charlevoix 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 20%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Charlevoix, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Charlevoix in April 2024, up by 62.5% month-over-month. Of the 13 sold homes, 46% were sold under asking, 15% were sold at asking, and 38% were sold over asking.
Days on Market for Charlevoix, MI
How long does it take to sell a home in Charlevoix, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 58 Days | 33 Days | -43.1% |
Summary: Homes in Charlevoix had an average of 33 days on market in Apr 2024, down by 43.1% compared to last year.
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
Key Takeaway
Avg time on Rocket Homes in Charlevoix has remained consistent over time.
Summary: During April 2024, 13 homes were sold in Charlevoix; 0% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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