Is Manton, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manton is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Manton was a Seller's Market.

Key Takeaway

Manton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Manton, MI

How much do homes in Manton, MI cost?

Median Sold Price

$229,900

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$50(0%)

Key Takeaway

The sold price of homes in Manton has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $95K$94K
-1.1%
2 $155K$150K
-3.2%
3 $242.5K$215.5K
-11.1%
4 $246.5K$339.9K
+37.9%
5+ $275K$280K
+1.8%

Summary: Manton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 37.9%, and 5+ bedroom homes increased by 1.8%.

Housing Supply in Manton, MI

How many homes are available in Manton, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1920+5.3%

Summary: The Manton real estate market had 20 homes for sale in November 2024, a 5.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1112
+9.1%
4 54
-20.0%
5+ 13
+200.0%

Summary: The Manton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manton, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Manton in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Manton, MI

How long does it take to sell a home in Manton, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
24 Days34 Days+38.8%

Summary: Homes in Manton had an average of 34 days on market in Nov 2024, up by 38.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Manton are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Manton; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Manton, MI

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