$82,000
0.60 Acres
Land
Caitlin Anderson, Listing Office: Coldwell Banker Schmidt- Harbor Springs
Is Charlevoix, 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, Charlevoix has remained a Seller's Market.
Key Takeaway
Charlevoix is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Charlevoix, MI
How much do homes in Charlevoix, MI cost?
Median Sold Price
$365,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$24,900(-6.4%)
Key Takeaway
Homes in Charlevoix have sold for 6.4% less than they did a year ago.
Summary: The median home sold price in Charlevoix was $365,000 in October 2024, down 6.4% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142.5K | $225K | +57.9% |
| 2 Bedrooms | $359K | $360K | 0.3% |
| 3 Bedrooms | $375K | $310K | -17.3% |
| 4 Bedrooms | $558.7K | $510K | -8.7% |
| 5+ Bedrooms | $799K | $750K | -6.1% |
Summary: Charlevoix housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.9%, 2 bedroom homes increased by 0.3%, 3 bedroom homes decreased by 17.3%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 6.1%.
Median Sold Price Compared To Nearby Cities
| Charlevoix | $389.9K | $365K | -6.4% |
| Charlevoix Township | $392.4K | $365K | -7.0% |
Housing Supply in Charlevoix, MI
How many homes are available in Charlevoix, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 71 | 73 | +2.8% |
Summary: The Charlevoix real estate market had 73 homes for sale in October 2024, a 2.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 12 | 8 | -33.3% |
| 3 Bedrooms | 24 | 26 | +8.3% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Charlevoix housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Charlevoix, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Charlevoix in October 2024, the same as the previous month. Of the 13 sold homes, 69% were sold under asking, 15% were sold at asking, and 15% were sold over asking.
Days on Market for Charlevoix, MI
How long does it take to sell a home in Charlevoix, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 22 Days | +7.1% |
Summary: Homes in Charlevoix had an average of 22 days on market in Oct 2024, up by 7.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Charlevoix are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in Charlevoix; 8% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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