Is Charlevoix, MI 49720 a buyer’s or seller’s market?
Charlevoix is a seller’s market. With about 2.7 months of supply and 14% 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 Charlevoix housing market right now
In the three months ending August 31, 2026, 14% of homes in Charlevoix, MI 49720 sold above their list price, the typical home went under contract in 63 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 14 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold more slowly (41 days then) and the median sale price rose 49% to $732,183. Overall, Charlevoix is less competitive than a year ago, which gives buyers more room.
Nearby, buyers who want less competition could look at Boyne Falls 49713 (0% sold over asking), while Beaver Island 49782 (67% sold over asking) and Boyne City 49712 (25% sold over asking) are even more competitive.
Run the numbers for 49720
Nearby markets
Beaver Island 49782Buyer’s market $290 /sq ftBoyne City 49712Seller’s market $318 /sq ftBoyne Falls 49713Buyer’s market $153 /sq ftWalloon Lake 49796 — /sq ft Browse all markets →Towns like Charlevoix nearby
Find towns like Charlevoix in other states →Where Charlevoix is
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Questions about Charlevoix real estate
Is Charlevoix a buyer’s or seller’s market?
A seller’s market: there were 2.7 months of supply in Charlevoix, MI 49720 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 Charlevoix?
The typical home went under contract in 63 days in the latest three months.
Do homes in Charlevoix sell over asking?
14% of homes sold above their original list price, and the typical sale closed at 96.7% of the list price.
What are property taxes in Charlevoix?
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 Charlevoix?
The median sale price was $732,183 in the three months ending August 31, 2026, about $435 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