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Elk Rapids, MI Real Estate & Property Data

Elk Rapids Real Estate Market Trends

Last Updated: September 06, 2025

Accurate and comprehensive real estate data is critical for insight into Elk Rapids, MI 49629. ATTOM’s Elk Rapids real estate data is updated daily, and current market trends show that in Elk Rapids, MI a total of 70 residential properties have sold over the past year. Get detailed property data for Elk Rapids, MI instantly. ATTOM is your one-stop-shop for the Elk Rapids property reports and real estate data you need in Elk Rapids, MI.

Elk Rapids Real Estate Market Trends

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Total Residential Properties 1,547

Total Commercial Properties 507

Avg. Home Age (Single Family Home) 34 Years

Avg. Square Feet (Single Family Home) 1,547

Total 2025 Residential Sales (year-to-date) 30

% of Homes Seriously Underwater (Q3 2025) 0.06%

Total 2024 Residential Sales 71

% of Equity Rich Homes (Q3 2025) 12.75%

Effective 2024 Property Tax 0.45%

Total Foreclosure Filings (year-to-date) 1

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Elk Rapids, MI 49629 Real Estate Overview

There were 70 residential properties sold in the past year in Elk Rapids, MI 49629. The median home value in Elk Rapids, MI 49629 is $534,307. There are a total of 1,547 residential properties in the 49629.

Median Sales Price i

June '25 Jun '25 N/A
May '25 May '25 N/A
April '25 Apr '25 N/A
March '25 Mar '25 N/A
February '25 Feb '25 N/A
January '25 Jan '25 N/A
December '24 Dec '24 N/A
November '24 Nov '24 N/A
October '24 Oct '24 N/A
September '24 Sep '24 N/A
August '24 Aug '24 $855,000
July '24 Jul '24 N/A

Median Down Payment i

June '25 Jun '25 N/A
May '25 May '25 N/A
April '25 Apr '25 N/A
March '25 Mar '25 N/A
February '25 Feb '25 N/A
January '25 Jan '25 N/A
December '24 Dec '24 N/A
November '24 Nov '24 N/A
October '24 Oct '24 N/A
September '24 Sep '24 N/A
August '24 Aug '24 $171,000
July '24 Jul '24 N/A

Number of Homes Sold i

7

(Jun 2025)

+250%

year-over-year

y-o-y

June '25 Jun '25 7
May '25 May '25 8
April '25 Apr '25 4
March '25 Mar '25 4
February '25 Feb '25 4
January '25 Jan '25 3
December '24 Dec '24 3
November '24 Nov '24 6
October '24 Oct '24 9
September '24 Sep '24 5
August '24 Aug '24 10
July '24 Jul '24 5

Number of Purchase Loans i

June '25 Jun '25 N/A
May '25 May '25 N/A
April '25 Apr '25 N/A
March '25 Mar '25 N/A
February '25 Feb '25 N/A
January '25 Jan '25 N/A
December '24 Dec '24 N/A
November '24 Nov '24 N/A
October '24 Oct '24 N/A
September '24 Sep '24 N/A
August '24 Aug '24 2
July '24 Jul '24 N/A

Number of REFI Loans i

June '25 Jun '25 N/A
May '25 May '25 N/A
April '25 Apr '25 N/A
March '25 Mar '25 N/A
February '25 Feb '25 N/A
January '25 Jan '25 N/A
December '24 Dec '24 N/A
November '24 Nov '24 N/A
October '24 Oct '24 N/A
September '24 Sep '24 N/A
August '24 Aug '24 N/A
July '24 Jul '24 2

Number of HELOC Loans i

June '25 Jun '25 N/A
May '25 May '25 N/A
April '25 Apr '25 N/A
March '25 Mar '25 N/A
February '25 Feb '25 N/A
January '25 Jan '25 N/A
December '24 Dec '24 N/A
November '24 Nov '24 N/A
October '24 Oct '24 N/A
September '24 Sep '24 N/A
August '24 Aug '24 3
July '24 Jul '24 1

Elk Rapids, MI 49629 Real Estate Market Overview

Last 30 days

Street
Street
Street

1
2

Elk Rapids, MI 49629 Foreclosure Activity

Total Foreclosure Filings i

June '25 Jun '25 N/A
May '25 May '25 N/A
April '25 Apr '25 N/A
March '25 Mar '25 N/A
February '25 Feb '25 N/A
January '25 Jan '25 1
December '24 Dec '24 N/A
November '24 Nov '24 N/A
October '24 Oct '24 N/A
September '24 Sep '24 N/A
August '24 Aug '24 2
July '24 Jul '24 N/A

Foreclosure Starts i

June '25 Jun '25 N/A
May '25 May '25 N/A
April '25 Apr '25 N/A
March '25 Mar '25 N/A
February '25 Feb '25 N/A
January '25 Jan '25 1
December '24 Dec '24 N/A
November '24 Nov '24 N/A
October '24 Oct '24 N/A
September '24 Sep '24 N/A
August '24 Aug '24 2
July '24 Jul '24 N/A

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