Emmet County Home Listings Asked for More Money in December – See the Current Median Price Here
EMMET COUNTY — The median home in Emmet County was listed for $828,475 in December, reflecting a 3.7% increase from the previous month’s figure of $799,000, according to data from Realtor.com.
When compared to December 2023, the median home list price indicates a remarkable 50.6% increase from $550,000.
It is important to note that the statistics provided here exclusively refer to homes listed for sale in Emmet County, as opposed to homes that have been sold.
The median home in Emmet County was recorded at 2,328 square feet, with a price of $366 per square foot. This figure shows a significant rise of 31.5% from December 2023.
In terms of market activity, homes in Emmet County were active for a median of 92 days, which is higher than the national median of 70 days on the market. In the previous month, houses had a median listing period of 82 days. Additionally, 24 new homes were listed in December, which marks a 20% increase from the 20 new listings reported in December 2023.
The median home prices reported may not encompass the entirety of available homes within the market. This data represents a selection of single-family homes, condominiums, or townhomes. While existing homes are included, most new constructions as well as pending and contingent sales are excluded from this analysis.
Looking at broader trends, the median home prices across Michigan averaged $268,700, experiencing a slight decrease from November. The typically listed Michigan home had 1,568 square feet, priced at $169 per square foot.
Nationally, the median home price was recorded at $402,502, showing a small dip from the prior month. The typical American home listed for sale measured 1,800 square feet, carrying a price of $222 per square foot.
The median home list price presented here highlights the midway point of all homes or units listed throughout the specified timeframe. Experts generally view the median as a more reliable indicator of market conditions compared to the average list price, which might be influenced by extreme outliers.
