Is Manistee County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Manistee County has remained a Seller's Market.
Housing Prices in Manistee County, MI
How much do homes in Manistee County, MI cost?
Median Sold Price
$225,500
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Manistee County was $225,500 in April 2024, up 12.8% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $133K | +33.0% |
2 Bedrooms | $170K | $182K | +7.1% |
3 Bedrooms | $215K | $223K | +3.7% |
4 Bedrooms | $225K | $285K | +26.7% |
5+ Bedrooms | $299K | $505K | +68.9% |
Summary: Manistee County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 68.9%.
Median Sold Price Compared To Nearby Counties
Wexford County | $168.9K | $216.8K | +28.4% |
Manistee County | $200K | $225.5K | +12.8% |
Benzie County | $405K | $350K | -13.6% |
Housing Supply in Manistee County, MI
How many homes are available in Manistee County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
101 | 131 | +29.7% |
Summary: The Manistee County real estate market had 131 homes for sale in April 2024, a 29.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 28 | 40 | +42.9% |
3 Bedrooms | 41 | 51 | +24.4% |
4 Bedrooms | 15 | 22 | +46.7% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Manistee County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 24.4%, 4 bedroom homes increased by 46.7%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 22 | +83.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Manistee County in April 2024, up by 83.3% month-over-month. Of the 22 sold homes, 68% were sold under asking, 14% were sold at asking, and 18% were sold over asking.
Days on Market for Manistee County, MI
How long does it take to sell a home in Manistee County, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
66 Days | 92 Days | +38.2% |
Summary: Homes in Manistee County had an average of 92 days on market in Apr 2024, up by 38.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Manistee County; 32% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.