$2,719 Closing Credit*
$229,000
1,300 SqFt
3 Beds
•1 Full Bath
Pam Sibary, Listing Office: Coldwell Banker Schmidt-Cadillac
Is Mancelona, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Mancelona was a Seller's Market.
Key Takeaway
Mancelona is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mancelona, MI
How much do homes in Mancelona, MI cost?
Median Sold Price
$204,500
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,600(+10.6%)
Key Takeaway
Homes in Mancelona have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Mancelona was $204,500 in October 2024, up 10.6% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $107.5K | $127K | +18.1% |
| 2 Bedrooms | $131K | $145.9K | +11.4% |
| 3 Bedrooms | $202K | $227.5K | +12.6% |
| 4 Bedrooms | $205K | $320K | +56.1% |
| 5+ Bedrooms | $184.9K | $725K | +292.1% |
Summary: Mancelona housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.1%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 56.1%, and 5+ bedroom homes increased by 292.1%.
Median Sold Price Compared To Nearby Cities
| Mancelona Township | $187.5K | $209.2K | +11.6% |
| Mancelona | $184.9K | $204.5K | +10.6% |
Housing Supply in Mancelona, MI
How many homes are available in Mancelona, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 52 | -1.9% |
Summary: The Mancelona real estate market had 52 homes for sale in October 2024, a 1.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 30 | 28 | -6.7% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Mancelona housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mancelona, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Mancelona in October 2024, down by 11.1% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for Mancelona, MI
How long does it take to sell a home in Mancelona, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 81 Days | 67 Days | -16.5% |
Summary: Homes in Mancelona had an average of 67 days on market in Oct 2024, down by 16.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mancelona has remained consistent over time.
Summary: During October 2024, 8 homes were sold in Mancelona; 13% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved
© 2024 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
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. 
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.