Charlevoix, MI 49720 Real Estate Market Report

ZIP Code: 49720
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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Liquidity & Velocity

Liquidity metrics unavailable due to insufficient data quality.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. median sold price is not available in the provided metrics, which may reflect limited recent closed transactions in the analyzed sample or reporting lag; without a representative recent sale price, prioritize gathering nearby closed comps before setting firm list-price guidance (unavailable).

2. price year-over-year trend is up, indicating ongoing appreciation pressure in local pricing; sellers can justify tighter pricing relative to older comps but agents should verify demand depth with recent contract activity and contingency timing (up).

3. market temperature is neutral, suggesting balanced negotiation dynamics rather than a clear buyer- or seller-advantage; expect modest pricing friction and advise sellers to factor in measured marketing time and buyers to expect limited concession opportunity (neutral).

4. median market rent is 1,050 and the rent year-over-year trend is down, which signals softer rental-rate momentum even as sale prices trend higher; combined with interest rate pressure at moderate, this suggests monitoring cash-flow sensitivity for investor buyers and emphasizing price-validated comps for owner-occupant clients (down moderate).

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Notable Properties

The following 3 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.