$2,791 Closing Credit*
$235,000
925 SqFt
2 Beds
•1 Full Bath
Amber Griswold, Listing Office: CENTURY 21 Northland
Is Mancelona Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Mancelona Township has remained a Seller's Market.
Key Takeaway
Mancelona Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mancelona Township, MI
How much do homes in Mancelona Township, MI cost?
Median Sold Price
$209,200
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,300(+7.3%)
Key Takeaway
Homes in Mancelona Township have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Mancelona Township was $209,200 in November 2024, up 7.3% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $107.5K | $127K | +18.1% |
| 2 Bedrooms | $131K | $145.4K | +11.0% |
| 3 Bedrooms | $208K | $230K | +10.6% |
| 4 Bedrooms | $217.4K | $292K | +34.3% |
| 5+ Bedrooms | $465K | $515K | +10.8% |
Summary: Mancelona Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.1%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 34.3%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
| Hayes Township | $249.9K | $278K | +11.2% |
| Mancelona Township | $194.9K | $209.2K | +7.3% |
| Mancelona | $190K | $201.2K | +5.9% |
Housing Supply in Mancelona Township, MI
How many homes are available in Mancelona Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 49 | 0.0% |
Summary: The Mancelona Township real estate market had 49 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 27 | 25 | -7.4% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Mancelona Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mancelona Township, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Mancelona Township in November 2024, up by 12.5% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for Mancelona Township, MI
How long does it take to sell a home in Mancelona Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 108 Days | 93 Days | -14.1% |
Summary: Homes in Mancelona Township had an average of 93 days on market in Nov 2024, down by 14.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mancelona Township has remained consistent over time.
Summary: During November 2024, 9 homes were sold in Mancelona Township; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
© 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.