$298,500
1.00 Acres
Land
Gill Whitman, Listing Office: Berkshire Hathaway HomeServices Michigan Real Estate - HS
Is Emmet County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Emmet County has remained a Seller's Market.
Key Takeaway
Emmet County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Emmet County, MI
How much do homes in Emmet County, MI cost?
Median Sold Price
$438,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,500(+6.7%)
Key Takeaway
Homes in Emmet County have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Emmet County was $438,000 in November 2024, up 6.7% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222.5K | $264.5K | +18.9% |
| 2 Bedrooms | $315K | $365K | +15.9% |
| 3 Bedrooms | $397K | $419.9K | +5.8% |
| 4 Bedrooms | $600K | $600K | 0.0% |
| 5+ Bedrooms | $1.2M | $1.0M | -14.6% |
Summary: Emmet County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.9%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 5.8%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 14.6%.
Median Sold Price Compared To Nearby Counties
| Cheboygan County | $220K | $259.9K | +18.1% |
| Charlevoix County | $340.6K | $365K | +7.1% |
| Emmet County | $410.5K | $438K | +6.7% |
Housing Supply in Emmet County, MI
How many homes are available in Emmet County, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 256 | 240 | -6.3% |
Summary: The Emmet County real estate market had 240 homes for sale in November 2024, a 6.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 12 | -7.7% |
| 2 Bedrooms | 39 | 45 | +15.4% |
| 3 Bedrooms | 92 | 86 | -6.5% |
| 4 Bedrooms | 58 | 51 | -12.1% |
| 5+ Bedrooms | 54 | 46 | -14.8% |
Summary: The Emmet County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes decreased by 14.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 41 | -21.2% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Emmet County, you may be able to get a good deal. 63.4% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in Emmet County in November 2024, down by 21.2% month-over-month. Of the 41 sold homes, 63% were sold under asking, 12% were sold at asking, and 24% were sold over asking.
Days on Market for Emmet County, MI
We’re sorry, we don't have information for this market at the moment
© 2024 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.