$2,244 Closing Credit*
$189,000
1,611 SqFt
4 Beds
•2 Full Baths
#50163290, STACEY MASTERS, 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 Buyer's Market.
Key Takeaway
Munising Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Munising Township, MI
How much do homes in Munising Township, MI cost?
Median Sold Price
$342,000
$175/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$124,500(+57.2%)
Key Takeaway
Homes in Munising Township have sold for 57.2% more than they did a month ago.
Summary: The median home sold price in Munising Township was $342,000 in November 2024, up 57.2% from last month, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $380K | N/A |
| 2 Bedrooms | - | $615K | N/A |
| 3 Bedrooms | $160K | $197K | +23.1% |
| 4 Bedrooms | $275K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Munising Township housing prices by bedroom type for November 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 23.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Munising Township | $217.5K | $342K | +57.2% |
| Munising | $217.5K | $288.5K | +32.6% |
| Hiawatha Township | $225K | $269K | +19.6% |
Housing Supply in Munising Township, MI
How many homes are available in Munising Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Summary: The Munising Township real estate market had 23 homes for sale in November 2024, a 4.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Munising Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 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. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Munising Township in November 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 12 Days | -78.1% |
Summary: Homes in Munising Township had an average of 12 days on market in Nov 2024, down by 78.1% compared to last month.
Breakdown of Home Sale Times
4 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 Munising Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Munising Township; 80% of homes were sold within 30 days, 20% 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.