Elk Rapids, MI Real Estate Market Summary – September 8, 2026
In Elk Rapids, MI, there were 5 homes sold in the past 30 days, representing a pace of 1 every 6 days. The average living area of these homes was 2,705 square feet, with a median living area of 2,466 square feet.
| Metric | 30 Days |
|---|---|
| Number Sold | 5 |
| Sold Per Day | 1 every 6.00 days |
| Average SQFT | 2705 |
| Median Sales Price | $750,000 |
| Average Sales Price | $673,980 |
| Average Price Per SQFT | $253 |
| Average Days on Market | 14 |
| Average Year Built | 1981 |
Elk Rapids, MI Single Family Home Analysis
For single-family homes, 4 properties were sold, averaging 2,765 square feet in size. The average sale price for these homes was $562,475, with average days on the market at 11.
| Metric | 30 Days |
|---|---|
| Number Sold | 4 |
| Sold Per Day | 1 every 7.50 days |
| Average SQFT | 2765 |
| Median Sales Price | $550,000 |
| Average Sales Price | $562,475 |
| Average Price Per SQFT | $202 |
| Average Days on Market | 11 |
| Average Year Built | 1976 |
Elk Rapids, MI Condo & Townhome Analysis
Only 1 condo or townhome was sold, which had an average selling price of $1,120,000 and a living area of 2,466 square feet. This property remained on the market for an average of 25 days before selling.
| Metric | 30 Days |
|---|---|
| Number Sold | 1 |
| Sold Per Day | 1 every 30.00 days |
| Average SQFT | 2466 |
| Median Sales Price | $1,120,000 |
| Average Sales Price | $1,120,000 |
| Average Price Per SQFT | $454 |
| Average Days on Market | 25 |
| Average Year Built | 2000 |
Buyer & Seller Analysis
- The overall market has a listing pace of 1 every 6 days.
- Single-family homes were listed for an average of 11 days before selling.
- Condos and townhomes are generally more expensive with an average price of $1,120,000.
- The average price per square foot for single-family homes is $202.
Conclusion
Elk Rapids has shown a steady activity in the real estate market with a reasonable turnover in single-family properties. The market appears stable, and Buyers may find opportunities across different property types.