$830 Closing Credit*
$69,900
824 SqFt
2 Beds
•1 Full Bath
#50301042, Karen Kloida, Listing Office: Broadway Real Estate
Is Menominee, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$159,950
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,950(+7.3%)
Key Takeaway
Homes in Menominee have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Menominee was $159,950 in October 2024, up 7.3% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158K | $168K | +6.3% |
| 2 Bedrooms | $121.8K | $140K | +14.9% |
| 3 Bedrooms | $152.5K | $172K | +12.8% |
| 4 Bedrooms | $173K | $171.7K | -0.7% |
| 5+ Bedrooms | $257.5K | $118K | -54.2% |
Summary: Menominee housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 12.8%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 54.2%.
Median Sold Price Compared To Nearby Cities
| Menominee Township | $150K | $162K | +8.0% |
| Menominee | $149K | $159.9K | +7.3% |
| Marinette | $154.9K | $164.1K | +5.9% |
Housing Supply in Menominee, MI
How many homes are available in Menominee, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 43 | 0.0% |
Summary: The Menominee real estate market had 43 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 12 | 9 | -25.0% |
| 3 Bedrooms | 21 | 25 | +19.0% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Menominee housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 19%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 12 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Menominee, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Menominee in October 2024, down by 25.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% 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
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Menominee has remained consistent over time.
Summary: During October 2024, 12 homes were sold in Menominee; 0% of homes were sold within 30 days, 17% 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. 
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.