$75,000
10.25 Acres
Land
Donald Fedrigon, Listing Office: REMAX Of Elk Rapids
Is Ellsworth, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Ellsworth was a Seller's Market.
Key Takeaway
Ellsworth 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 Ellsworth, MI
How much do homes in Ellsworth, MI cost?
Median Sold Price
$372,450
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$71,450(+23.7%)
Key Takeaway
Homes in Ellsworth have sold for 23.7% more than they did a year ago.
Summary: The median home sold price in Ellsworth was $372,450 in November 2024, up 23.7% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $289K | - | N/A |
| 2 Bedrooms | $280K | $247.2K | -11.7% |
| 3 Bedrooms | $280K | $457.4K | +63.4% |
| 4 Bedrooms | $380K | $672.5K | +77.0% |
| 5+ Bedrooms | $661K | $1.3M | +96.7% |
Summary: Ellsworth housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.7%, 3 bedroom homes increased by 63.4%, 4 bedroom homes increased by 77%, and 5+ bedroom homes increased by 96.7%.
Median Sold Price Compared To Nearby Cities
| Ellsworth | $301K | $372.4K | +23.7% |
| Banks Township | $350K | $289K | -17.4% |
Housing Supply in Ellsworth, MI
How many homes are available in Ellsworth, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Summary: The Ellsworth real estate market had 6 homes for sale in November 2024, a 50.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ellsworth housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ellsworth, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Ellsworth in November 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Ellsworth, MI
How long does it take to sell a home in Ellsworth, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ellsworth are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Ellsworth; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
