Is Elk Rapids, MI 49629 a buyer’s or seller’s market?
Elk Rapids is a seller’s market. With about 2 months of supply and 19% 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.
Months of supply2Under 4 months = seller’s market
Sold above original list19%Share of sales, last 3 months
Median sale-to-list96.5%Sold price ÷ list price
Median days on market34Listing to accepted offer
Median price per sq ft$333▼ −1.7% vs. last year
Run the numbers for 49629
Nearby markets
Alba 49611 — /sq ftAlden 49612Buyer’s market $317 /sq ftBellaire 49615Seller’s market $251 /sq ftCentral Lake 49622Balanced $278 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology