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 neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Charlevoix County was a Seller's Market.

Key Takeaway

Charlevoix County 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 Charlevoix County, MI

How much do homes in Charlevoix County, MI cost?

Median Sold Price

$365,000

$231/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$24,333(+7.1%)

Key Takeaway

Homes in Charlevoix County have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Charlevoix County was $365,000 in November 2024, up 7.1% from last year, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $160K$178.5K
+11.6%
2 $254.5K$310K
+21.8%
3 $358K$330K
-7.8%
4 $503K$493.5K
-1.9%
5+ $1.0M$952K
-4.8%

Summary: Charlevoix County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.6%, 2 bedroom homes increased by 21.8%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 4.8%.

Median Sold Price Compared To Nearby Counties

Antrim County
+18.3%
Cheboygan County
+18.1%
Charlevoix County
+7.1%
Emmet County
+6.7%
Otsego County
+5.3%

Housing Supply in Charlevoix County, MI

How many homes are available in Charlevoix County, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
194175-9.8%

Summary: The Charlevoix County real estate market had 175 homes for sale in November 2024, a 9.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 109
-10.0%
2 3436
+5.9%
3 9376
-18.3%
4 3232
0.0%
5+ 2522
-12.0%

Summary: The Charlevoix County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 5.9%, 3 bedroom homes decreased by 18.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4527-40.0%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 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. 77.8% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Charlevoix County in November 2024, down by 40.0% month-over-month. Of the 27 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% 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

Nov 2023Nov 2024CHANGE
49 Days69 Days+41.8%

Summary: Homes in Charlevoix County had an average of 69 days on market in Nov 2024, up by 41.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 November 2024, 27 homes were sold in Charlevoix County; 0% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in Charlevoix County, MI

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