Is Boyne City, MI 49712 a buyer’s or seller’s market?
Boyne City is a seller’s market. With about 3.2 months of supply and 25% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Boyne City housing market right now
In the three months ending August 31, 2026, 25% of homes in Boyne City, MI 49712 sold above their list price, the typical home went under contract in 52 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 8 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (25% then), homes sold faster (102 days then) and the median sale price rose 70% to $749,676. Overall, Boyne City is more competitive than a year ago, so tougher for buyers.
Nearby, buyers who want less competition could look at Boyne Falls 49713 (0% sold over asking) or Charlevoix 49720 (14% sold over asking), while Beaver Island 49782 (67% sold over asking) is even more competitive.
Run the numbers for 49712
Nearby markets
Beaver Island 49782Buyer’s market $290 /sq ftBoyne Falls 49713Buyer’s market $153 /sq ftCharlevoix 49720Seller’s market $435 /sq ftWalloon Lake 49796 — /sq ft Browse all markets →Towns like Boyne City nearby
Find towns like Boyne City in other states →Where Boyne City is
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Questions about Boyne City real estate
Is Boyne City a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Boyne City, MI 49712 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Boyne City?
The typical home went under contract in 52 days in the latest three months.
Do homes in Boyne City sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 97.5% of the list price.
What are property taxes in Boyne City?
About 0.90% of a home’s value a year in Charlevoix County, or roughly $3,600 on a $400,000 home.
What is the median home price in Boyne City?
The median sale price was $749,676 in the three months ending August 31, 2026, about $318 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology