Is Manistee Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Manistee Township was a Neutral Market.
Housing Prices in Manistee Township, MI
How much do homes in Manistee Township, MI cost?
Median Sold Price
$228,500
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Manistee Township was $228,500 in May 2024, up 9.7% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $84.2K | $140.1K | +66.4% |
2 Bedrooms | $180K | $230K | +27.8% |
3 Bedrooms | $200K | $219K | +9.5% |
4 Bedrooms | $230.1K | $195K | -15.3% |
5+ Bedrooms | $350K | $516.5K | +47.6% |
Summary: Manistee Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.4%, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 15.3%, and 5+ bedroom homes increased by 47.6%.
Median Sold Price Compared To Nearby Cities
Manistee Township | $208.3K | $228.5K | +9.7% |
Manistee | $212.9K | $228.5K | +7.3% |
Housing Supply in Manistee Township, MI
How many homes are available in Manistee Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
71 | 84 | +18.3% |
Summary: The Manistee Township real estate market had 84 homes for sale in May 2024, a 18.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 18 | 26 | +44.4% |
3 Bedrooms | 31 | 32 | +3.2% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Manistee Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 15 | +15.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Manistee Township in May 2024, up by 15.4% month-over-month. Of the 15 sold homes, 53% were sold under asking, 33% were sold at asking, and 13% were sold over asking.
Days on Market for Manistee Township, MI
How long does it take to sell a home in Manistee Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 74 Days | +140.0% |
Summary: Homes in Manistee Township had an average of 74 days on market in May 2024, up by 140% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Manistee Township; 20% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.