$603 Closing Credit*
$50,787
1,866 SqFt
3 Beds
•1 Full Bath
#50301852, John Christopherson, Listing Office: State Wide Real Estate of MI-WI, Inc.
Is Menominee, 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, Menominee has remained a Seller's Market.
Key Takeaway
Menominee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Menominee, MI
How much do homes in Menominee, MI cost?
Median Sold Price
$160,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+10.3%)
Key Takeaway
Homes in Menominee have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Menominee was $160,000 in November 2024, up 10.3% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158K | $115K | -27.2% |
| 2 Bedrooms | $120.2K | $142.2K | +18.2% |
| 3 Bedrooms | $150K | $169K | +12.7% |
| 4 Bedrooms | $189.9K | $171.7K | -9.6% |
| 5+ Bedrooms | $285K | $118K | -58.6% |
Summary: Menominee housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.2%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 12.7%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes decreased by 58.6%.
Median Sold Price Compared To Nearby Cities
| Menominee | $145K | $160K | +10.3% |
| Menominee Township | $149K | $162.3K | +9.0% |
| Marinette | $154.9K | $163.8K | +5.7% |
Housing Supply in Menominee, MI
How many homes are available in Menominee, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 37 | -14.0% |
Summary: The Menominee real estate market had 37 homes for sale in November 2024, a 14.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 26 | 22 | -15.4% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Menominee 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 remained the same, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
2 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 Menominee, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Menominee in November 2024, down by 41.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for Menominee, MI
How long does it take to sell a home in Menominee, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Menominee are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Menominee; 14% of homes were sold within 30 days, 0% 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.