$10,000 Closing Credit*
$1,395,000
3,094 SqFt
4 Beds
•3 Full Baths
Kari King, Listing Office: Century 21 Northland-Frankfort
Is Benzie County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Benzie County has remained a Seller's Market.
Key Takeaway
Benzie County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Benzie County, MI
How much do homes in Benzie County, MI cost?
Median Sold Price
$372,950
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,983(+9.7%)
Key Takeaway
Homes in Benzie County have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Benzie County was $372,950 in November 2024, up 9.7% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $220K | +2.3% |
| 2 Bedrooms | $295K | $338K | +14.6% |
| 3 Bedrooms | $315K | $371K | +17.8% |
| 4 Bedrooms | $477.5K | $412.5K | -13.6% |
| 5+ Bedrooms | $675K | $969.5K | +43.6% |
Summary: Benzie County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 17.8%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 43.6%.
Median Sold Price Compared To Nearby Counties
| Benzie County | $339.9K | $372.9K | +9.7% |
| Grand Traverse County | $404.8K | $431.9K | +6.7% |
| Leelanau County | $654.5K | $599K | -8.5% |
Housing Supply in Benzie County, MI
How many homes are available in Benzie County, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 109 | 95 | -12.8% |
Summary: The Benzie County real estate market had 95 homes for sale in November 2024, a 12.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 16 | 12 | -25.0% |
| 3 Bedrooms | 55 | 51 | -7.3% |
| 4 Bedrooms | 25 | 18 | -28.0% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Benzie County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 28%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benzie County, you may be able to get a good deal. 56% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Benzie County in November 2024, up by 18.2% month-over-month. Of the 25 sold homes, 56% were sold under asking, 32% were sold at asking, and 12% were sold over asking.
Days on Market for Benzie County, MI
How long does it take to sell a home in Benzie County, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 115 Days | 65 Days | -42.9% |
Summary: Homes in Benzie County had an average of 65 days on market in Nov 2024, down by 42.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Benzie County has remained consistent over time.
Summary: During November 2024, 26 homes were sold in Benzie County; 19% of homes were sold within 30 days, 65% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. 
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.