Is Marinette County, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Marinette County has remained a Seller's Market.
Key Takeaway
Marinette County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marinette County, WI
How much do homes in Marinette County, WI cost?
Median Sold Price
$178,500
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Marinette County have sold for 2% more than they did a year ago.
Summary: The median home sold price in Marinette County was $178,500 in May 2024, up 2% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162.5K | $115.5K | -28.9% |
| 2 Bedrooms | $155K | $150K | -3.2% |
| 3 Bedrooms | $172.5K | $203.5K | +18.0% |
| 4 Bedrooms | $185K | $200K | +8.1% |
| 5+ Bedrooms | $257K | $247.5K | -3.7% |
Summary: Marinette County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.9%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Counties
| Menominee County | $135K | $155K | +14.8% |
| Oconto County | $199.9K | $226.1K | +13.1% |
| Marinette County | $175K | $178.5K | +2.0% |
| Florence County | $335K | $288.7K | -13.8% |
Housing Supply in Marinette County, WI
How many homes are available in Marinette County, WI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 180 | 214 | +18.9% |
Summary: The Marinette County real estate market had 214 homes for sale in May 2024, a 18.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 10 | +100.0% |
| 2 Bedrooms | 53 | 62 | +17.0% |
| 3 Bedrooms | 96 | 105 | +9.4% |
| 4 Bedrooms | 21 | 28 | +33.3% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Marinette County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 40 | -4.8% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marinette County, you may be able to get a good deal. 47.5% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in Marinette County in May 2024, down by 4.8% month-over-month. Of the 40 sold homes, 48% were sold under asking, 15% were sold at asking, and 38% were sold over asking.
Days on Market for Marinette County, WI
How long does it take to sell a home in Marinette County, WI?
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Marinette County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 40 homes were sold in Marinette County; 8% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.