$2,672 Closing Credit*
$225,000
1,704 SqFt
3 Beds
•2 Full Baths
Jamie Kardosh, Listing Office: Coldwell Banker Schmidt - Petoskey
Is Boyne Falls, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Boyne Falls was a Seller's Market.
Key Takeaway
Boyne Falls is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Boyne Falls, MI
How much do homes in Boyne Falls, MI cost?
Median Sold Price
$319,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$79,000(+32.9%)
Key Takeaway
Homes in Boyne Falls have sold for 32.9% more than they did a year ago.
Summary: The median home sold price in Boyne Falls was $319,000 in October 2024, up 32.9% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $131.1K | -12.6% |
| 2 Bedrooms | $210K | $170K | -19.0% |
| 3 Bedrooms | $315K | $365K | +15.9% |
| 4 Bedrooms | $245K | $480K | +95.9% |
| 5+ Bedrooms | $735K | - | N/A |
Summary: Boyne Falls housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.6%, 2 bedroom homes decreased by 19%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 95.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Boyne Falls | $240K | $319K | +32.9% |
| Boyne Valley Township | $250K | $330K | +32.0% |
Housing Supply in Boyne Falls, MI
How many homes are available in Boyne Falls, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 19 | +58.3% |
Summary: The Boyne Falls real estate market had 19 homes for sale in October 2024, a 58.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 8 | +100.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Boyne Falls housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boyne Falls, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Boyne Falls in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Boyne Falls, MI
We’re sorry, we don't have information for this market at the moment
© 2024 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.