$137,000
80.00 Acres
Land
#50161250, AMY SCHIEDING, Listing Office: RE/MAX SUPERIORLAND
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 Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Munising, MI
How much do homes in Munising, MI cost?
Median Sold Price
$217,500
$134/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$74,500(+52.1%)
Key Takeaway
Homes in Munising have sold for 52.1% more than they did a month ago.
Summary: The median home sold price in Munising was $217,500 in October 2024, up 52.1% from last month, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $109K | - | N/A |
| 3 Bedrooms | $126.5K | $160K | +26.5% |
| 4 Bedrooms | $297K | $275K | -7.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Munising housing prices by bedroom type for October 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 26.5%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Munising | $143K | $217.5K | +52.1% |
| Munising Township | $195K | $217.5K | +11.5% |
Housing Supply in Munising, MI
How many homes are available in Munising, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 22 | -18.5% |
Summary: The Munising real estate market had 22 homes for sale in October 2024, a 18.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Munising housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Munising, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Munising in October 2024, down by 71.4% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 57 Days | +9.7% |
Summary: Homes in Munising had an average of 57 days on market in Oct 2024, up by 9.7% compared to last month.
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 Munising has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Munising; 0% of homes were sold within 30 days, 100% 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.