$2,719 Closing Credit*
$229,000
448 SqFt
1 Bed
•1 Full Bath
Holly Griewahn, Listing Office: Foundation Realty, LLC - Manitou Beach
Is Manitou Beach, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Manitou Beach was a Seller's Market.
Key Takeaway
Manitou Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Manitou Beach, MI
How much do homes in Manitou Beach, MI cost?
Median Sold Price
$337,500
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,000(+2.7%)
Key Takeaway
Homes in Manitou Beach have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Manitou Beach was $337,500 in October 2024, up 2.7% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $210K | N/A |
| 2 Bedrooms | $250K | $305K | +22.0% |
| 3 Bedrooms | $320K | $337.5K | +5.5% |
| 4 Bedrooms | $372K | $335K | -9.9% |
| 5+ Bedrooms | $660K | $680K | +3.0% |
Summary: Manitou Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 9.9%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Cities
| Rollin Township | $277.5K | $300K | +8.1% |
| Cambridge Township | $282K | $299K | +6.0% |
| Manitou Beach | $328.5K | $337.5K | +2.7% |
Housing Supply in Manitou Beach, MI
How many homes are available in Manitou Beach, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 25 | +8.7% |
Summary: The Manitou Beach real estate market had 25 homes for sale in October 2024, a 8.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Manitou Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manitou Beach, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Manitou Beach in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Manitou Beach, MI
How long does it take to sell a home in Manitou Beach, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 67 Days | +8.9% |
Summary: Homes in Manitou Beach had an average of 67 days on market in Oct 2024, up by 8.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Manitou Beach are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Manitou Beach; 33% 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.
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.