$137,000
80.00 Acres
Land
#50161250, AMY SCHIEDING, Listing Office: RE/MAX SUPERIORLAND
Is Munising Township, 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 Township was a Seller's Market.
Key Takeaway
Munising Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Munising Township, MI
How much do homes in Munising Township, MI cost?
Median Sold Price
$217,500
$134/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$22,500(+11.5%)
Key Takeaway
Homes in Munising Township have sold for 11.5% more than they did a month ago.
Summary: The median home sold price in Munising Township was $217,500 in October 2024, up 11.5% 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 | $370K | - | N/A |
| 2 Bedrooms | $169.5K | - | N/A |
| 3 Bedrooms | $126.5K | $160K | +26.5% |
| 4 Bedrooms | $297K | $275K | -7.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Munising Township 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% |
| Hiawatha Township | $290K | $225K | -22.4% |
Housing Supply in Munising Township, MI
How many homes are available in Munising Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 26 | -25.7% |
Summary: The Munising Township real estate market had 26 homes for sale in October 2024, a 25.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 18 | 14 | -22.2% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Munising Township housing inventory by bedroom type for October 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 22.2%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 2 | -81.8% |
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 Township, 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 Township in October 2024, down by 81.8% 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 Township, MI
How long does it take to sell a home in Munising Township, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 Days | 57 Days | -2.5% |
Summary: Homes in Munising Township had an average of 57 days on market in Oct 2024, down by 2.5% 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 Township has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Munising Township; 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.