$2,730 Closing Credit*
$229,900
1,120 SqFt
3 Beds
•1 Full Bath
Jennifer Burr, Listing Office: Coldwell Banker Schmidt - Boyne City
Is Boyne City, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Boyne City has remained a Seller's Market.
Key Takeaway
Boyne City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Boyne City, MI
How much do homes in Boyne City, MI cost?
Median Sold Price
$395,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,000(+9.7%)
Key Takeaway
Homes in Boyne City have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Boyne City was $395,000 in October 2024, up 9.7% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $161.7K | -21.1% |
| 2 Bedrooms | $175.7K | $230.2K | +31.0% |
| 3 Bedrooms | $384.5K | $338K | -12.1% |
| 4 Bedrooms | $503K | $660K | +31.2% |
| 5+ Bedrooms | $899.9K | $1.8M | +100.0% |
Summary: Boyne City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.1%, 2 bedroom homes increased by 31%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes increased by 31.2%, and 5+ bedroom homes increased by 100%.
Median Sold Price Compared To Nearby Cities
| Boyne Valley Township | $250K | $330K | +32.0% |
| Wilson Township | $273.7K | $359.5K | +31.3% |
| Boyne City | $360K | $395K | +9.7% |
Housing Supply in Boyne City, MI
How many homes are available in Boyne City, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 55 | -3.5% |
Summary: The Boyne City real estate market had 55 homes for sale in October 2024, a 3.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 31 | 39 | +25.8% |
| 4 Bedrooms | 12 | 4 | -66.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Boyne City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 25.8%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boyne City, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Boyne City in October 2024, down by 16.7% month-over-month. Of the 15 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Boyne City, MI
How long does it take to sell a home in Boyne City, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 86 Days | 100 Days | +16.3% |
Summary: Homes in Boyne City had an average of 100 days on market in Oct 2024, up by 16.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Boyne City are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 15 homes were sold in Boyne City; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% 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.