Northern Michigan Real Estate Market Update: Prices Up 10%, Inventory Rising, Demand Still Strong

According to the Northern Michigan MLS (NMMLS), the real estate market across Emmet and Charlevoix Counties remains healthy, active, and balanced in favor of sellers through the end of September 2025.

Here’s how the numbers compare year-to-year:

• Buyer Demand: ⬆️ 2% year-over-year

• Home Prices: ⬆️ 10% despite higher inventory

• Inventory: ⬆️ 23%, driven by more sellers listing, not slower sales

• New Listings: ⬆️ 11% vs. 2024 | ⬆️ 13% vs. 2023

• Average Days on Market: ⬆️ 5%

• Percent of Homes Sold: 63% (–13% YOY | –17% since 2023)

Bottom Line: Buyer activity remains strong — there are simply more homes to choose from. Sellers can still achieve top dollar when their home is priced right, presented beautifully, and marketed strategically.

What This Means for Homeowners

Even with more listings, the Northern Michigan market continues to perform well. The increase in available homes reflects confidence among sellers, not a slowdown in sales. Buyers are active, and properties that stand out — through condition, presentation, and value — are still moving quickly.

If you’ve been considering selling, the data suggests it’s a great time to get ahead of the traditional spring surge.

Why Selling Now Still Makes Sense

1. Prices Remain Strong

Home values in Emmet and Charlevoix Counties have climbed 10% year-over-year, showing that buyer demand continues to outpace supply in many neighborhoods.

2. Off-Season Listings Have Less Competition

As the market moves into the fall and winter months, fewer homes come to market. That gives your property a chance to shine while buyers continue searching year-round for the right fit.

3. Serious Buyers Are Still Out There

Many fall and winter buyers are highly motivated — often relocating, downsizing, or moving before the holidays. These buyers are ready to act and appreciate homes that are well-prepared and competitively priced.

Strategy and Expertise Matter

In today’s market, even strong sellers benefit from a clear plan.
Success comes down to:

• Accurate Pricing: Based on local market data and buyer behavior

• Professional Presentation: Clean, staged, and visually appealing

• Comprehensive Marketing: Targeted online exposure, social media reach, and local expertise

With the right strategy, sellers in Northern Michigan are continuing to achieve excellent results — often in less time and with stronger offers.

The Takeaway

The Northern Michigan real estate market remains solid heading into the final quarter of 2025.
Home prices are holding strong, demand is steady, and sellers who prepare strategically are seeing excellent outcomes.

If you’d like a personalized update on what your home could sell for in today’s market — or you’re curious about timing your move — let’s connect.

-Winslow Group | Coldwell Banker Schmidt Realtors
Proudly serving Emmet and Charlevoix Counties with experience, strategy, and results.