$7,599 Closing Credit*
$639,900
2,834 SqFt
4 Beds
•3 Full Baths
Gordon Russell, Listing Office: Keller Williams Realty-Great Lakes
Is Houghton Lake, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$200,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$13,500(+7.2%)
Key Takeaway
Homes in Houghton Lake have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Houghton Lake was $200,000 in September 2024, up 7.2% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $128K | $75.3K | -41.1% |
| 2 Bedrooms | $135K | $119.9K | -11.2% |
| 3 Bedrooms | $212K | $231K | +9.0% |
| 4 Bedrooms | $290K | $452.5K | +56.0% |
| 5+ Bedrooms | $235K | $622.4K | +164.9% |
Summary: Houghton Lake housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.1%, 2 bedroom homes decreased by 11.2%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 56%, and 5+ bedroom homes increased by 164.9%.
Median Sold Price Compared To Nearby Cities
| Prudenville | $166K | $210K | +26.5% |
| Denton Township | $180K | $219K | +21.7% |
| Houghton Lake | $186.5K | $200K | +7.2% |
| Roscommon Township | $179.9K | $179.7K | -0.1% |
Housing Supply in Houghton Lake, MI
How many homes are available in Houghton Lake, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 125 | 121 | -3.2% |
Summary: The Houghton Lake real estate market had 121 homes for sale in September 2024, a 3.2% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 36 | 33 | -8.3% |
| 3 Bedrooms | 60 | 54 | -10.0% |
| 4 Bedrooms | 19 | 22 | +15.8% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Houghton Lake housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 30 | 9 | -70.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Houghton Lake, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Houghton Lake in September 2024, down by 70.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for Houghton Lake, MI
We’re sorry, we don't have information for this market at the moment
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