$2,136 Closing Credit*
$179,900
838 SqFt
2 Beds
•1 Full Bath
Therran Ferguson, Listing Office: Essential Real Estate
Is Manistee 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, Manistee Township has remained a Seller's Market.
Key Takeaway
Manistee Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manistee Township, MI
How much do homes in Manistee Township, MI cost?
Median Sold Price
$230,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$584(-0.3%)
Key Takeaway
The sold price of homes in Manistee Township has remained the same since last year.
Summary: The median home sold price in Manistee Township was $230,000 in October 2024, down 0.3% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $140.1K | +100.2% |
| 2 Bedrooms | $245K | $232.5K | -5.1% |
| 3 Bedrooms | $207.5K | $229K | +10.4% |
| 4 Bedrooms | $278K | $270K | -2.9% |
| 5+ Bedrooms | $357.5K | $250K | -30.1% |
Summary: Manistee Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 100.2%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 30.1%.
Median Sold Price Compared To Nearby Cities
| Manistee Township | $230.5K | $230K | -0.3% |
| Manistee | $235K | $230K | -2.1% |
Housing Supply in Manistee Township, MI
How many homes are available in Manistee Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 78 | 91 | +16.7% |
Summary: The Manistee Township real estate market had 91 homes for sale in October 2024, a 16.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 19 | 21 | +10.5% |
| 3 Bedrooms | 38 | 42 | +10.5% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 7 | 13 | +85.7% |
Summary: The Manistee Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 10.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 85.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manistee Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Manistee Township in October 2024, down by 5.3% month-over-month. Of the 18 sold homes, 50% were sold under asking, 6% were sold at asking, and 44% were sold over asking.
Days on Market for Manistee Township, MI
How long does it take to sell a home in Manistee Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 84 Days | 57 Days | -31.7% |
Summary: Homes in Manistee Township had an average of 57 days on market in Oct 2024, down by 31.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Manistee Township has remained consistent over time.
Summary: During October 2024, 18 homes were sold in Manistee Township; 33% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 28% 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: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange 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 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