Elk Rapids, MI Housing Market

Homes for sale

The Elk Rapids housing market is somewhat competitive. The median sale price of a home in Elk Rapids was $305K last month, down 23.9% since last year. The median sale price per square foot in Elk Rapids is $250, down 36.4% since last year.

Trends
Demand
Migration
Schools
Climate

Elk Rapids Housing Market Trends

What is the housing market like in Elk Rapids today?

$305K

Sale Price

-23.9%
since last year

$250

Sale $/Sq. Ft.

-36.4%
since last year

Under List Price

2.7%

Days on Market

Down Payment

—

Total Homes Sold

To compare other locations to the Elk Rapids and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Elk Rapids add value to a home.

How hot is the Elk Rapids housing market?

Elk Rapids is somewhat competitive. Homes sell in 44 days.

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 44 days.
Hot homes
can sell for around list price and go pending in around 23 days.

Compare With Nearby Cities

Traverse City

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 58 days.
Hot homes
can sell for around list price and go pending in around 35 days.

See more nearby cities and neighborhoods

Elk Rapids Migration & Relocation Trends

No data on migration and relocation available in this area right now

Learn about migration trends in nearby cities

View houses in Elk Rapids that sold recently

Recently sold homes

SOLD DEC 6, 2024
$215,000 Last Sold Price
1 bed
1 bath
600 sq ft
208 Lake, Elk Rapids, MI 49629
(231) 264-4500
List Price
$215,000
Sale to List
0% over list
Days on Market
33 days
208 Lake, Elk Rapids, MI 49629
SOLD DEC 2, 2024
$1,515,000 Last Sold Price
4 beds
2.5 baths
2,931 sq ft
6343 E Harbor Dr, Elk Rapids Twp, MI 49629
List Price
$1,495,000
Sale to List
1% over list
Days on Market
38 days
6343 E Harbor Dr, Elk Rapids Twp, MI 49629
SOLD NOV 22, 2024
VIDEO TOUR
$375,000 Last Sold Price
—beds
—baths
2,176 sq ft
135 River St, Elk Rapids, MI 49629
(231) 264-6604
List Price
$449,000
Sale to List
16% under list
Days on Market
154 days
135 River St, Elk Rapids, MI 49629
SOLD NOV 21, 2024
$135,000 Last Sold Price
3 beds
2 baths
1,344 sq ft
708 Golf View Cir, Elk Rapids Twp, MI 49629
List Price
$149,900
Sale to List
10% under list
Days on Market
84 days
708 Golf View Cir, Elk Rapids Twp, MI 49629
SOLD NOV 18, 2024
$160,000 Last Sold Price
2 beds
2 baths
1,131 sq ft
601 Maplewood, Elk Rapids Twp, MI 49629
List Price
$169,900
Sale to List
6% under list
Days on Market
98 days
601 Maplewood, Elk Rapids Twp, MI 49629
SOLD NOV 18, 2024
$304,500 Last Sold Price
2 beds
2 baths
1,217 sq ft
599 Meadowview Ln #7, Elk Rapids, MI 49629
(231) 714-4771
List Price
$319,900
Sale to List
5% under list
Days on Market
118 days
599 Meadowview Ln #7, Elk Rapids, MI 49629
SOLD NOV 18, 2024
$304,500 Last Sold Price
2 beds
2 baths
1,217 sq ft
599 Meadowview Ln, Elk Rapids Twp, MI 49629
List Price
$319,900
Sale to List
5% under list
Days on Market
118 days
599 Meadowview Ln, Elk Rapids Twp, MI 49629
SOLD NOV 8, 2024
$250,000 Last Sold Price
—beds
—baths
1,552 sq ft
100 River St Unit : 101, Elk Rapids, MI 49629
(231) 264-0546
List Price
$269,500
Sale to List
7% under list
Days on Market
262 days
100 River St Unit : 101, Elk Rapids, MI 49629
See all recently sold homes in Elk Rapids.
See listings

Schools in Elk Rapids

Learn about schools in the Elk Rapids area

Elementary
Middle
High

GreatSchools Rating

7/10

Lakeland Elementary School

Public • PreK-5

326

Students

2 reviews

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on Elk Rapids housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Elk Rapids.

Heat Factor - Minimal

100% of properties are at minimal risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for Elk Rapids

New Listings in Elk Rapids

Nearby City Housing Markets

Zip Code Housing Markets

Nearby City Listings

Zip Code Listings

Rentals

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Why Redfin?

Community Impact

Diversity & Inclusion

Find us

Become a Lender Partner

Subsidiaries

Rent.

ApartmentGuide

Bay Equity Home Loans

Title Forward

Countries

United States

Canada

Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.