$1,722 Closing Credit*
$145,000
830 SqFt
1 Bed
•1 Full Bath
Laurie Hodack, Listing Office: Coldwell Banker Schmidt - Boyne City
Is Boyne Falls, 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, Boyne Falls has remained a Seller's Market.
Key Takeaway
Boyne Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Boyne Falls, MI
How much do homes in Boyne Falls, MI cost?
Median Sold Price
$316,500
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$51,500(+19.4%)
Key Takeaway
Homes in Boyne Falls have sold for 19.4% more than they did a year ago.
Summary: The median home sold price in Boyne Falls was $316,500 in November 2024, up 19.4% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $131.1K | +4.9% |
| 2 Bedrooms | $237.5K | $217.5K | -8.4% |
| 3 Bedrooms | $315K | $318K | +1.0% |
| 4 Bedrooms | $240K | $480K | +100.0% |
| 5+ Bedrooms | $735K | - | N/A |
Summary: Boyne Falls housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes decreased by 8.4%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes did not change.
Housing Supply in Boyne Falls, MI
How many homes are available in Boyne Falls, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Summary: The Boyne Falls real estate market had 17 homes for sale in November 2024, a 10.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Boyne Falls 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 decreased by 12.5%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was 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. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Boyne Falls in November 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% 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
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