$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 Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Escanaba Township has remained a Seller's Market.
Key Takeaway
Escanaba Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Escanaba Township, MI
How much do homes in Escanaba Township, MI cost?
Median Sold Price
$161,500
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+32.9%)
Key Takeaway
Homes in Escanaba Township have sold for 32.9% more than they did a year ago.
Summary: The median home sold price in Escanaba Township was $161,500 in October 2024, up 32.9% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $73.7K | N/A |
| 2 Bedrooms | $145K | $155K | +6.9% |
| 3 Bedrooms | $124K | $175K | +41.1% |
| 4 Bedrooms | $113.5K | $253K | +122.9% |
| 5+ Bedrooms | $121K | $158.1K | +30.7% |
Summary: Escanaba Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 41.1%, 4 bedroom homes increased by 122.9%, and 5+ bedroom homes increased by 30.7%.
Housing Supply in Escanaba Township, MI
How many homes are available in Escanaba Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 67 | +13.6% |
Summary: The Escanaba Township real estate market had 67 homes for sale in October 2024, a 13.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 23 | 26 | +13.0% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 6 | 10 | +66.7% |
Summary: The Escanaba Township 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 15.4%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Escanaba Township, expect to pay close to the asking price. 47.1% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in Escanaba Township in October 2024, the same as the previous month. Of the 17 sold homes, 24% were sold under asking, 47% were sold at asking, and 29% were sold over asking.
Days on Market for Escanaba Township, MI
How long does it take to sell a home in Escanaba Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 39 Days | +32.1% |
Summary: Homes in Escanaba Township had an average of 39 days on market in Oct 2024, up by 32.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Escanaba Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in Escanaba Township; 71% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 24% 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.