Is Cheboygan 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, Cheboygan County has remained a Seller's Market.
Housing Prices in Cheboygan County, MI
How much do homes in Cheboygan County, MI cost?
Median Sold Price
$230,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cheboygan County was $230,000 in April 2024, up 15% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $215K | +30.3% |
2 Bedrooms | $165.5K | $182.5K | +10.3% |
3 Bedrooms | $202K | $230K | +13.9% |
4 Bedrooms | $232.5K | $339K | +45.8% |
5+ Bedrooms | $402.5K | $355K | -11.8% |
Summary: Cheboygan County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.3%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 45.8%, and 5+ bedroom homes decreased by 11.8%.
Median Sold Price Compared To Nearby Counties
Cheboygan County | $200K | $230K | +15.0% |
Presque Isle County | $169.5K | $189.7K | +11.9% |
Housing Supply in Cheboygan County, MI
How many homes are available in Cheboygan County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
101 | 120 | +18.8% |
Summary: The Cheboygan County real estate market had 120 homes for sale in April 2024, a 18.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 7 | -12.5% |
2 Bedrooms | 13 | 19 | +46.2% |
3 Bedrooms | 43 | 56 | +30.2% |
4 Bedrooms | 28 | 28 | 0.0% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Cheboygan County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 46.2%, 3 bedroom homes increased by 30.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 35 | +118.8% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Cheboygan County in April 2024, up by 118.8% month-over-month. Of the 35 sold homes, 51% were sold under asking, 20% were sold at asking, and 29% were sold over asking.
Days on Market for Cheboygan County, MI
We’re sorry, we don't have information for this market at the moment