Is Emmet County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Emmet County has remained a Seller's Market.
Housing Prices in Emmet County, MI
How much do homes in Emmet County, MI cost?
Median Sold Price
$427,960
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Emmet County was $427,960 in April 2024, up 5% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $194.7K | $276.9K | +42.2% |
2 Bedrooms | $300K | $325K | +8.3% |
3 Bedrooms | $405K | $399.9K | -1.3% |
4 Bedrooms | $625K | $600K | -4.0% |
5+ Bedrooms | $950K | $1.2M | +28.7% |
Summary: Emmet County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.2%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 28.7%.
Median Sold Price Compared To Nearby Counties
Cheboygan County | $200K | $230K | +15.0% |
Charlevoix County | $331.2K | $350K | +5.7% |
Emmet County | $407.7K | $427.9K | +5.0% |
Housing Supply in Emmet County, MI
How many homes are available in Emmet County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
168 | 226 | +34.5% |
Summary: The Emmet County real estate market had 226 homes for sale in April 2024, a 34.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 19 | +35.7% |
2 Bedrooms | 32 | 42 | +31.3% |
3 Bedrooms | 67 | 89 | +32.8% |
4 Bedrooms | 32 | 44 | +37.5% |
5+ Bedrooms | 23 | 32 | +39.1% |
Summary: The Emmet County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 35.7%, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 32.8%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 39.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 39 | +18.2% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in Emmet County in April 2024, up by 18.2% month-over-month. Of the 39 sold homes, 49% were sold under asking, 23% were sold at asking, and 28% 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