$49,000
0.15 Acres
Land
Donald C Fedrigon, Listing Office: REMAX Of Elk Rapids
Housing Prices in Central Lake, MI
How much do homes in Central Lake, MI cost?
Median List Price
$299,000
$166/sqft
Based on all homes listed in the last 12 months.
Difference Since November 2023
+$59,000(+24.6%)
Key Takeaway
The list price of homes in Central Lake has increased by 24.6% since last year.
Summary: The median home list price in Central Lake was $299,000 in November 2024, up 24.6% from the previous year, and the median price per square foot was $166.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89.5K | $780K | +771.5% |
| 2 Bedrooms | $199K | $300K | +50.8% |
| 3 Bedrooms | $274.5K | $289.4K | +5.4% |
| 4 Bedrooms | $495K | $338.7K | -31.6% |
| 5+ Bedrooms | $329.9K | $189.5K | -42.6% |
Summary: Central Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 771.5%, 2 bedroom homes increased by 50.8%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 31.6%, and 5+ bedroom homes decreased by 42.6%.
Median List Price Compared To Nearby Cities
| Central Lake | $240K | $299K | +24.6% |
| Central Lake Township | $240K | $299K | +24.6% |
Housing Supply in Central Lake, MI
How many homes are available in Central Lake, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Summary: The Central Lake real estate market had 20 homes for sale in November 2024, a 13.0% 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 | 4 | 2 | -50.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Central Lake 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 50%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Days on Market for Central Lake, MI
How long does it take to sell a home in Central Lake, MI?
Average Listing Age
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 83 Days | 124 Days | +50.1% |
Summary: Homes in Central Lake had an average listing age of 124 days in Nov 2024, up by 50.1% compared to the previous year.
