$1,483 Closing Credit*
$124,900
1,127 SqFt
3 Beds
•1 Full Bath, 1 Partial
#50163053, CORRINA JOHNSON, Listing Office: GROVER REAL ESTATE
Is Manistique, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Manistique was a Neutral Market.
Key Takeaway
Manistique is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manistique, MI
How much do homes in Manistique, MI cost?
Median Sold Price
$245,450
$162/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$25,450(+11.6%)
Key Takeaway
Homes in Manistique have sold for 11.6% more than they did a month ago.
Summary: The median home sold price in Manistique was $245,450 in November 2024, up 11.6% from last month, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $400K | +77.8% |
| 2 Bedrooms | $317.5K | $178K | -43.9% |
| 3 Bedrooms | $181.8K | $272K | +49.6% |
| 4 Bedrooms | $157.5K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Manistique housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 77.8%, 2 bedroom homes decreased by 43.9%, 3 bedroom homes increased by 49.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hiawatha Township | $225K | $269K | +19.6% |
| Manistique | $220K | $245.4K | +11.6% |
| Manistique Township | $220K | $245.4K | +11.6% |
Housing Supply in Manistique, MI
How many homes are available in Manistique, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 40 | +2.6% |
Summary: The Manistique real estate market had 40 homes for sale in November 2024, a 2.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Manistique housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
3 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 Manistique, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Manistique in November 2024, up by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Manistique, MI
How long does it take to sell a home in Manistique, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 18 Days | -46.1% |
Summary: Homes in Manistique had an average of 18 days on market in Nov 2024, down by 46.1% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Manistique are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Manistique; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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.