Is Charlevoix County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Charlevoix County is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Charlevoix County has remained a Seller's Market.

Key Takeaway

Charlevoix County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Charlevoix County, MI

How much do homes in Charlevoix County, MI cost?

Median Sold Price

$367,500

$231/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$35,000(+10.5%)

Key Takeaway

Homes in Charlevoix County have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in Charlevoix County was $367,500 in October 2024, up 10.5% from last year, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $150K$202.5K
+35.0%
2 $254.5K$314.5K
+23.6%
3 $349.9K$335K
-4.3%
4 $499K$487K
-2.4%
5+ $900K$1.0M
+20.1%

Summary: Charlevoix County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35%, 2 bedroom homes increased by 23.6%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 20.1%.

Median Sold Price Compared To Nearby Counties

Antrim County
+22.0%
Cheboygan County
+11.6%
Charlevoix County
+10.5%
Emmet County
+8.5%
Otsego County
+5.3%

Housing Supply in Charlevoix County, MI

How many homes are available in Charlevoix County, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
197208+5.6%

Summary: The Charlevoix County real estate market had 208 homes for sale in October 2024, a 5.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 910
+11.1%
2 3635
-2.8%
3 8396
+15.7%
4 4841
-14.6%
5+ 2126
+23.8%

Summary: The Charlevoix County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 15.7%, 4 bedroom homes decreased by 14.6%, and 5+ bedroom homes increased by 23.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4042+5.0%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Charlevoix County, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in Charlevoix County in October 2024, up by 5.0% month-over-month. Of the 42 sold homes, 64% were sold under asking, 19% were sold at asking, and 17% were sold over asking.

Days on Market for Charlevoix County, MI

How long does it take to sell a home in Charlevoix County, MI?

Average Sale Time

Oct 2023Oct 2024CHANGE
80 Days58 Days-27.6%

Summary: Homes in Charlevoix County had an average of 58 days on market in Oct 2024, down by 27.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Charlevoix County has remained consistent over time.

Summary: During October 2024, 42 homes were sold in Charlevoix County; 2% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Charlevoix County, MI

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