$3,859 Closing Credit*
$325,000
1,235 SqFt
2 Beds
•1 Full Bath
Sheri Richards, Listing Office: Five Star Real Estate - Beaver Island
Is Beaver Island, 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, Beaver Island has remained a Buyer's Market.
Key Takeaway
Beaver Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Beaver Island, MI
How much do homes in Beaver Island, MI cost?
Median Sold Price
$222,000
$233/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$288,000(-56.5%)
Key Takeaway
Homes in Beaver Island have sold for 56.5% less than they did a month ago.
Summary: The median home sold price in Beaver Island was $222,000 in November 2024, down 56.5% from last month, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $510K | $222K | -56.5% |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Beaver Island housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 56.5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Beaver Island | $510K | $222K | -56.5% |
| Peaine Township | $510K | $222K | -56.5% |
Housing Supply in Beaver Island, MI
How many homes are available in Beaver Island, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The Beaver Island real estate market had 9 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Beaver Island housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Beaver Island, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Beaver Island in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Beaver Island, MI
We’re sorry, we don't have information for this market at the moment
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