Cheboygan County home listings asked for less money in February - see the current median price here
Compared to February 2024, the median home list price increased 7.7% from $369,125.
The statistics in this article only pertain to houses listed for sale in Cheboygan County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at data.cheboygannews.com.
Cheboygan County's median home was 1,486 square feet, listed at $233 per square foot. The price per square foot of homes for sale is up 19.4% from February 2024.
Listings in Cheboygan County moved briskly, at a median 71 days listed compared to the February national median of 66 days on the market. In the previous month, homes had a median of 84 days on the market. Around 26 homes were newly listed on the market in February, the same number of new listings from February 2024.
The median home prices issued by Realtor.com may exclude many, or even most, of a market's homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales.
In Michigan, median home prices were $265,350, a slight increase from January. The median Michigan home listed for sale had 1,552 square feet, with a price of $170 per square foot.
Throughout the United States, the median home price was $412,000, a slight increase from the month prior. The median American home for sale was listed at 1,791 square feet, with a price of $227 per square foot.
The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what's happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu.
This article originally appeared on Cheboygan Daily Tribune: Cheboygan County home listings asked for less money in February - see the current median price here
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