$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 Township, 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 Township has remained a Seller's Market.
Key Takeaway
Menominee Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Menominee Township, MI
How much do homes in Menominee Township, MI cost?
Median Sold Price
$162,375
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,375(+9.0%)
Key Takeaway
Homes in Menominee Township have sold for 9% more than they did a year ago.
Summary: The median home sold price in Menominee Township was $162,375 in November 2024, up 9% 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 | $158K | $168K | +6.3% |
| 2 Bedrooms | $121.8K | $143.9K | +18.1% |
| 3 Bedrooms | $155K | $168.2K | +8.5% |
| 4 Bedrooms | $181.4K | $176K | -3.0% |
| 5+ Bedrooms | $342.5K | $118K | -65.5% |
Summary: Menominee Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 8.5%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 65.5%.
Median Sold Price Compared To Nearby Cities
| Menominee | $145K | $160K | +10.3% |
| Menominee Township | $149K | $162.3K | +9.0% |
| Porterfield | $254.9K | $227.5K | -10.8% |
Housing Supply in Menominee Township, MI
How many homes are available in Menominee Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 37 | -15.9% |
Summary: The Menominee Township real estate market had 37 homes for sale in November 2024, a 15.9% 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 | 27 | 22 | -18.5% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Menominee Township 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 18.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 7 | -46.2% |
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 Township, 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 Township in November 2024, down by 46.2% 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 Township, MI
How long does it take to sell a home in Menominee Township, 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Menominee Township; 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.