$32,500
0.87 Acres
Land
Stan Willson, Listing Office: LIGHTHOUSE REALTY-Ludington
Is Manistee 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, 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
$232,500
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,500(-1.1%)
Key Takeaway
Homes in Manistee Township have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Manistee Township was $232,500 in November 2024, down 1.1% from last year, and the median price per square foot was $148.
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 | $207.5K | $225K | +8.4% |
| 4 Bedrooms | $289K | $272.5K | -5.7% |
| 5+ Bedrooms | $365K | $260K | -28.8% |
Summary: Manistee Township 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 8.4%, 4 bedroom homes decreased by 5.7%, 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% |
Housing Supply in Manistee Township, MI
How many homes are available in Manistee Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 88 | 80 | -9.1% |
Summary: The Manistee Township real estate market had 80 homes for sale in November 2024, a 9.1% 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 | 22 | 22 | 0.0% |
| 3 Bedrooms | 40 | 36 | -10.0% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 13 | 9 | -30.8% |
Summary: The Manistee Township 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 remained the same, 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 Township, 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 Township 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 Township, MI
How long does it take to sell a home in Manistee Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 29 Days | -33.3% |
Summary: Homes in Manistee Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in Manistee Township; 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.
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