Elk Rapids Real Estate Market
The median mortgage debt is $91,698.
Elk Rapids, MI Price Trends - Sold vs. Listed
The median list price in May for single family homes in Elk Rapids is $239,900. The list prices increased by 20.01% from the previous month.
The price per square foot for listings in this area is $170.
Elk Rapids, MI Market Inventory Trends
The number of active listings in Elk Rapids dropped by 6.1% from the previous month.
The median number of days active properties have been listed is 212. This is much longer than the national average.
Elk Rapids, MI Property Ownership
Elk Rapids has a high % of unoccupied properties. It is 17.87% more than the national average. This can drive sales prices down.
The percent of owner occupied properties in Elk Rapids is 13.59% below the national average.
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