#50164829, IVIE BAKER, Listing Office: Baker-Kehoe Realty LLC
Houghton Lake Housing Market Report December 2024•Roscommon County, Michigan
Housing Prices in Houghton Lake, MI
How much do homes in Houghton Lake, MI cost?
Housing Market Conditions
Is Houghton Lake, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Houghton Lake is a Neutral Market
Difference Since December 2023
At the same time last year, Houghton Lake was a Seller's Market.
Houghton Lake is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Houghton Lake have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Houghton Lake was $194,000 in December 2024, up 3.7% from last year, and the median price per square foot was $154.
Median Sold Price By City
City | Dec 2023 | Dec 2024 | Change YoY |
---|---|---|---|
Prudenville | $180K | $202.4K | +12.4% |
Roscommon Township | $179.9K | $191.5K | +6.5% |
Denton Township | $193.5K | $201.2K | +4.0% |
Houghton Lake | $187K | $194K | +3.7% |
Median Sold Price By Bedrooms
Beds | Dec 2023 | Dec 2024 | Change YoY |
---|---|---|---|
22 Bedrooms | $135K | $120K | -11.1% |
55+ Bedrooms | $235K | $575K | +144.7% |
11 Bedroom | $85K | $75.6K | -11.1% |
33 Bedrooms | $207K | $225K | +8.7% |
44 Bedrooms | $300K | $487.7K | +62.6% |
Summary: Houghton Lake housing price by bedroom type for December 2024, compared to the previous year. The home price for 2 bedroom homes decreased by -11.1%. The home price for 5 bedroom homes increased by +144.7%. The home price for 1 bedroom homes decreased by -11.1%. The home price for 3 bedroom homes increased by +8.7%. The home price for 4 bedroom homes increased by +62.6%.
Housing supply in Houghton Lake, MI
How many homes are available in Houghton Lake, MI?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
99Last MonthDec 2024 | ||
1022 months agoNov 2024 | -2.9 % Change MoMNov – Dec |
Summary: The Houghton Lake real estate market had 99 homes for sale in Dec 2024, a 2.9 % decrease compared to Nov 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
16Last MonthDec 2024 | ||
122 months agoNov 2024 | +33.3 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
Beds | Nov 2024 | Dec 2024 | Change MoM |
---|---|---|---|
22 Bedrooms | 28 | 28 | 0.0% |
55+ Bedrooms | 6 | 7 | +16.7% |
11 Bedroom | 8 | 8 | 0.0% |
33 Bedrooms | 42 | 39 | -7.1% |
44 Bedrooms | 18 | 17 | -5.6% |
Summary: Houghton Lake housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 2 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +16.7%. The inventory for 1 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -7.1%. The inventory for 4 bedroom homes decreased by -5.6%.
Asking Price vs. Sold Price
How much do homes in Houghton Lake, MI cost?
Over Asking Price5 Homes
At Asking Price0 Home
Under Asking Price10 Homes
If you're buying a home in Houghton Lake, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Houghton Lake in December 2024, up by 33.3% month-over-month. Of the 15 sold homes, 67% were sold under asking, 0% were sold at asking, and and 33% were sold over asking.
Days on Market for Houghton Lake, MI
How long does it take to sell a home in Houghton Lake, MI?
Breakdown of Home Sale Times
Under 30 Days1 Home
30 – 90 Days3 Homes
Over 90 Days1 Home
Avg time on Rocket Homes in Houghton Lake has remained consistent over time.
Summary: During December 2024, 16 homes were sold in Houghton Lake; 6% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
64 DaysThis YearDec 2024 | ||
0 Days1 year agoDec 2023 | 0.0 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Houghton Lake had an average listing age of 64 days in Dec 2024, down by .0% compared to the previous year.
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Newest Listings in Houghton Lake, MI
What homes are available in Houghton Lake, MI?
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MLS Disclaimers and Copyright
Based on information from Water Wonderland MLS Inc., RealComp II Ltd., MiRealSource Inc. DL, Northern Great Lakes Realtors MLS, and Greater Lansing MLS for the period 01/01/2023 - 01/01/2025
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 1:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 1:21:06 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 1:21:09 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 1:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 Greater Lansing Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 1:21:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.