$2,136 Closing Credit*
$179,900
2,015 SqFt
4 Beds
•1 Full Bath, 1 Partial
#50161229, ANDREW HARRIS, Listing Office: STATE WIDE REAL ESTATE OF ESCANABA
Is Escanaba, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Escanaba has remained a Seller's Market.
Key Takeaway
Escanaba is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Escanaba, MI
How much do homes in Escanaba, MI cost?
Median Sold Price
$145,000
$112/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$32,250(-18.2%)
Key Takeaway
Homes in Escanaba have sold for 18.2% less than they did a month ago.
Summary: The median home sold price in Escanaba was $145,000 in October 2024, down 18.2% from last month, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $65K | N/A |
| 2 Bedrooms | $162K | $173.1K | +6.9% |
| 3 Bedrooms | $200.2K | $145K | -27.6% |
| 4 Bedrooms | $181K | $244K | +34.8% |
| 5+ Bedrooms | - | $115K | N/A |
Summary: Escanaba housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.9%, 3 bedroom homes decreased by 27.6%, 4 bedroom homes increased by 34.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Wells Township | $201.5K | $304.4K | +51.1% |
| Escanaba | $177.2K | $145K | -18.2% |
Housing Supply in Escanaba, MI
How many homes are available in Escanaba, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 56 | +14.3% |
Summary: The Escanaba real estate market had 56 homes for sale in October 2024, a 14.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 5 | 10 | +100.0% |
Summary: The Escanaba housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Escanaba, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in Escanaba in October 2024, up by 7.1% month-over-month. Of the 15 sold homes, 20% were sold under asking, 47% were sold at asking, and 33% were sold over asking.
Days on Market for Escanaba, MI
How long does it take to sell a home in Escanaba, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 35 Days | +68.4% |
Summary: Homes in Escanaba had an average of 35 days on market in Oct 2024, up by 68.4% compared to last month.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Escanaba are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in Escanaba; 73% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 20% 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. 
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.