Charlevoix, MI 49720 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Liquidity metrics unavailable due to insufficient data quality.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. median sold price is unavailable in the provided dataset; this absence limits direct transaction-based valuation and may reflect very low recent closings or sampling/data-coverage gaps rather than true market stability — data-limited signal.
2. price year-over-year trend is down, and the market temperature is cold, which together suggest recent sold prices have softened and that sellers may face greater pricing friction in converting listings to closed sales.
3. The sample indicates elevated inventory relative to sales activity, which appears to be contributing to slower sales velocity and greater negotiation leverage for buyers; this excess supply relative to sales activity may indicate longer marketing periods and more careful price positioning by sellers — excess supply relative to sales activity.
4. Rental and financing context is mixed: median market rent is 1,050 and rent year-over-year trend is up, signaling stronger short-term rental demand, while interest rate pressure is elevated and property owners in this market currently hold a favorable rate (Current 30-year fixed mortgage rates in Charlevoix, MI are 6.53% compared to 5.73% for typical loans originated earlier in 2026), a factor that may reduce listing incentive among rate-sensitive owners — elevated interest rate pressure.

Notable Properties

The following 4 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.