$1,591 Closing Credit*
$134,000
1,662 SqFt
4 Beds
•2 Full Baths, 2 Partial
#50163769, MATT THROOP, Listing Office: KELLER WILLIAMS FIRST UP
Is Munising, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Munising was a Seller's Market.
Key Takeaway
Munising is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Munising, MI
How much do homes in Munising, MI cost?
Median Sold Price
$480,000
$294/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$191,500(+66.4%)
Key Takeaway
Homes in Munising have sold for 66.4% more than they did a month ago.
Summary: The median home sold price in Munising was $480,000 in December 2024, up 66.4% from last month, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $380K | - | N/A |
| 2 Bedrooms | $615K | - | N/A |
| 3 Bedrooms | $175.9K | $480K | +172.8% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Munising housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 172.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Munising | $288.5K | $480K | +66.4% |
| Munising Township | $342K | $140K | -59.1% |
Housing Supply in Munising, MI
How many homes are available in Munising, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Summary: The Munising real estate market had 13 homes for sale in December 2024, a 13.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Munising housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Munising, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Munising in December 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Munising, MI
How long does it take to sell a home in Munising, MI?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 13 Days | 9 Days | -34.5% |
Summary: Homes in Munising had an average of 9 days on market in Dec 2024, down by 34.5% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Munising are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 2 homes were sold in Munising; 100% 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.