$195,000
0.75 Acres
Land
Grover LaMarr Hope, Listing Office: Boyne Realty Resort Sales, LLC Boyne Mtn.
Is Boyne City, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Boyne City was a Seller's Market.
Key Takeaway
Boyne City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Boyne City, MI
How much do homes in Boyne City, MI cost?
Median Sold Price
$390,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,000(+8.6%)
Key Takeaway
Homes in Boyne City have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Boyne City was $390,000 in November 2024, up 8.6% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $161.7K | -21.1% |
| 2 Bedrooms | $190K | $236K | +24.2% |
| 3 Bedrooms | $378.5K | $340K | -10.2% |
| 4 Bedrooms | $526K | $638.7K | +21.4% |
| 5+ Bedrooms | $1.2M | $1.6M | +34.0% |
Summary: Boyne City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.1%, 2 bedroom homes increased by 24.2%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 34%.
Median Sold Price Compared To Nearby Cities
| Wilson Township | $276.3K | $307K | +11.1% |
| Boyne City | $359K | $390K | +8.6% |
Housing Supply in Boyne City, MI
How many homes are available in Boyne City, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 48 | -7.7% |
Summary: The Boyne City real estate market had 48 homes for sale in November 2024, a 7.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 37 | 29 | -21.6% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Boyne City 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 increased by 37.5%, 3 bedroom homes decreased by 21.6%, 4 bedroom homes increased by 150%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 6 | -62.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Boyne City, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Boyne City in November 2024, down by 62.5% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Boyne City, MI
We’re sorry, we don't have information for this market at the moment
