$2,126 Closing Credit*
$179,000
1,728 SqFt
3 Beds
•1 Full Bath
Meagan Kempf, Listing Office: RE/MAX Bayshore Manistee
Is Manistee, 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, Manistee has remained a Seller's Market.
Key Takeaway
Manistee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manistee, MI
How much do homes in Manistee, MI cost?
Median Sold Price
$231,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$9,000(-3.8%)
Key Takeaway
Homes in Manistee have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in Manistee was $231,000 in November 2024, down 3.8% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $137.2K | +96.0% |
| 2 Bedrooms | $245K | $245K | 0.0% |
| 3 Bedrooms | $211.2K | $215K | +1.8% |
| 4 Bedrooms | $305K | $272.5K | -10.7% |
| 5+ Bedrooms | $365K | $260K | -28.8% |
Summary: Manistee housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 96%, 2 bedroom homes did not change, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes decreased by 28.8%.
Median Sold Price Compared To Nearby Cities
| Manistee Township | $235K | $232.5K | -1.1% |
| Manistee | $240K | $231K | -3.8% |
| Filer Charter Township | $298K | $225K | -24.5% |
Housing Supply in Manistee, MI
How many homes are available in Manistee, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 87 | 78 | -10.3% |
Summary: The Manistee real estate market had 78 homes for sale in November 2024, a 10.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 21 | 20 | -4.8% |
| 3 Bedrooms | 40 | 36 | -10.0% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 13 | 9 | -30.8% |
Summary: The Manistee housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 30.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 18 | -14.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manistee, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Manistee in November 2024, down by 14.3% month-over-month. Of the 18 sold homes, 56% were sold under asking, 28% were sold at asking, and 17% were sold over asking.
Days on Market for Manistee, MI
How long does it take to sell a home in Manistee, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 29 Days | -33.3% |
Summary: Homes in Manistee had an average of 29 days on market in Nov 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Manistee are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in Manistee; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% 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. 
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