Is Emmet 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, Emmet County has remained a Seller's Market.
Key Takeaway
Emmet County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Emmet County, MI
How much do homes in Emmet County, MI cost?
Median Sold Price
$427,960
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Emmet County have sold for 5% more than they did a year ago.
Summary: The median home sold price in Emmet County was $427,960 in April 2024, up 5% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $194.7K | $276.9K | +42.2% |
| 2 Bedrooms | $300K | $325K | +8.3% |
| 3 Bedrooms | $405K | $399.9K | -1.3% |
| 4 Bedrooms | $625K | $600K | -4.0% |
| 5+ Bedrooms | $950K | $1.2M | +28.7% |
Summary: Emmet County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.2%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 28.7%.
Median Sold Price Compared To Nearby Counties
| Cheboygan County | $200K | $230K | +15.0% |
| Charlevoix County | $331.2K | $350K | +5.7% |
| Emmet County | $407.7K | $427.9K | +5.0% |
Housing Supply in Emmet County, MI
How many homes are available in Emmet County, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 168 | 226 | +34.5% |
Summary: The Emmet County real estate market had 226 homes for sale in April 2024, a 34.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 19 | +35.7% |
| 2 Bedrooms | 32 | 42 | +31.3% |
| 3 Bedrooms | 67 | 89 | +32.8% |
| 4 Bedrooms | 32 | 44 | +37.5% |
| 5+ Bedrooms | 23 | 32 | +39.1% |
Summary: The Emmet County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 35.7%, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 32.8%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 39.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 39 | +18.2% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Emmet County, you may be able to get a good deal. 48.7% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in Emmet County in April 2024, up by 18.2% month-over-month. Of the 39 sold homes, 49% were sold under asking, 23% were sold at asking, and 28% were sold over asking.
Days on Market for Emmet County, MI
We’re sorry, we don't have information for this market at the moment
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