Is Menominee County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Menominee County was a Neutral Market.
Housing Prices in Menominee County, MI
How much do homes in Menominee County, MI cost?
Median Sold Price
$155,000
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Menominee County was $155,000 in April 2024, up 19.2% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $109.9K | -0.1% |
2 Bedrooms | $119.9K | $131.5K | +9.7% |
3 Bedrooms | $130K | $168.7K | +29.8% |
4 Bedrooms | $164K | $167.8K | +2.4% |
5+ Bedrooms | $103K | $279K | +170.9% |
Summary: Menominee County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 29.8%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 170.9%.
Median Sold Price Compared To Nearby Counties
Menominee County | $130K | $155K | +19.2% |
Marinette County | $170.8K | $178.8K | +4.7% |
Housing Supply in Menominee County, MI
How many homes are available in Menominee County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 56 | +16.7% |
Summary: The Menominee County real estate market had 56 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 29 | 32 | +10.3% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Menominee County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 13 | +44.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Menominee County in April 2024, up by 44.4% month-over-month. Of the 13 sold homes, 38% were sold under asking, 23% were sold at asking, and 38% were sold over asking.
Days on Market for Menominee County, MI
We’re sorry, we don't have information for this market at the moment
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Menominee County; 15% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.