$1,413 Closing Credit*
$119,000
668 SqFt
2 Beds
•1 Full Bath
Laura Corpe, Listing Office: KW Northern Michigan Team Partners
Is Houghton Lake, 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, Houghton Lake was a Seller's Market.
Key Takeaway
Houghton Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Houghton Lake, MI
How much do homes in Houghton Lake, MI cost?
Median Sold Price
$205,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,000(+9.6%)
Key Takeaway
Homes in Houghton Lake have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Houghton Lake was $205,000 in November 2024, up 9.6% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $65.7K | -22.7% |
| 2 Bedrooms | $135K | $119.9K | -11.1% |
| 3 Bedrooms | $207K | $234.5K | +13.3% |
| 4 Bedrooms | $290K | $444.7K | +53.4% |
| 5+ Bedrooms | $235K | $622.4K | +164.9% |
Summary: Houghton Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.7%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 53.4%, and 5+ bedroom homes increased by 164.9%.
Median Sold Price Compared To Nearby Cities
| Prudenville | $181.5K | $199.5K | +9.9% |
| Houghton Lake | $187K | $205K | +9.6% |
| Denton Township | $194K | $202.4K | +4.3% |
| Roscommon Township | $180K | $187.3K | +4.1% |
Housing Supply in Houghton Lake, MI
How many homes are available in Houghton Lake, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 104 | 105 | +1.0% |
Summary: The Houghton Lake real estate market had 105 homes for sale in November 2024, a 1.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 30 | 29 | -3.3% |
| 3 Bedrooms | 46 | 44 | -4.3% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Houghton Lake housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Houghton Lake, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Houghton Lake in November 2024, down by 29.4% month-over-month. Of the 12 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Houghton Lake, MI
How long does it take to sell a home in Houghton Lake, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 23 Days | -33.8% |
Summary: Homes in Houghton Lake had an average of 23 days on market in Nov 2024, down by 33.8% 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 Houghton Lake are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Houghton Lake; 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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