$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 County, 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 County has remained a Seller's Market.
Key Takeaway
Menominee County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Menominee County, MI
How much do homes in Menominee County, MI cost?
Median Sold Price
$172,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,000(+14.7%)
Key Takeaway
Homes in Menominee County have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in Menominee County was $172,000 in November 2024, up 14.7% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $133.9K | $168K | +25.4% |
| 2 Bedrooms | $123.5K | $145K | +17.4% |
| 3 Bedrooms | $161.4K | $178.5K | +10.6% |
| 4 Bedrooms | $160K | $179.9K | +12.4% |
| 5+ Bedrooms | $285K | $118K | -58.6% |
Summary: Menominee County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.4%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 58.6%.
Median Sold Price Compared To Nearby Counties
| Menominee County | $150K | $172K | +14.7% |
| Marinette County | $175K | $183.1K | +4.7% |
Housing Supply in Menominee County, MI
How many homes are available in Menominee County, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 60 | 52 | -13.3% |
Summary: The Menominee County real estate market had 52 homes for sale in November 2024, a 13.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 33 | 25 | -24.2% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Menominee County 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 increased by 7.7%, 3 bedroom homes decreased by 24.2%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Menominee County, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Menominee County in November 2024, down by 31.3% month-over-month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for Menominee County, MI
How long does it take to sell a home in Menominee County, MI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Menominee County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Menominee County; 18% of homes were sold within 30 days, 9% 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.