Is Cheboygan County, 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, Cheboygan County has remained a Seller's Market.
Key Takeaway
Cheboygan County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cheboygan County, MI
How much do homes in Cheboygan County, MI cost?
Median Sold Price
$230,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cheboygan County have sold for 15% more than they did a year ago.
Summary: The median home sold price in Cheboygan County was $230,000 in April 2024, up 15% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $215K | +30.3% |
| 2 Bedrooms | $165.5K | $182.5K | +10.3% |
| 3 Bedrooms | $202K | $230K | +13.9% |
| 4 Bedrooms | $232.5K | $339K | +45.8% |
| 5+ Bedrooms | $402.5K | $355K | -11.8% |
Summary: Cheboygan County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.3%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 45.8%, and 5+ bedroom homes decreased by 11.8%.
Median Sold Price Compared To Nearby Counties
| Cheboygan County | $200K | $230K | +15.0% |
| Presque Isle County | $169.5K | $189.7K | +11.9% |
Housing Supply in Cheboygan County, MI
How many homes are available in Cheboygan County, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 101 | 120 | +18.8% |
Summary: The Cheboygan County real estate market had 120 homes for sale in April 2024, a 18.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 13 | 19 | +46.2% |
| 3 Bedrooms | 43 | 56 | +30.2% |
| 4 Bedrooms | 28 | 28 | 0.0% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Cheboygan County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 46.2%, 3 bedroom homes increased by 30.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 35 | +118.8% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cheboygan County, you may be able to get a good deal. 51.4% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Cheboygan County in April 2024, up by 118.8% month-over-month. Of the 35 sold homes, 51% were sold under asking, 20% were sold at asking, and 29% were sold over asking.
Days on Market for Cheboygan County, MI
We’re sorry, we don't have information for this market at the moment
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