$4,323 Closing Credit*
$364,000
900 SqFt
3 Beds
•1 Full Bath
Anthony Moreno, Listing Office: Berkley Realty Group LLC
Is Presque Isle, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Presque Isle was a Buyer's Market.
Key Takeaway
Presque Isle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Presque Isle, MI
How much do homes in Presque Isle, MI cost?
Median Sold Price
$248,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$19,500(-7.3%)
Key Takeaway
Homes in Presque Isle have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in Presque Isle was $248,000 in October 2024, down 7.3% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $205.5K | $235K | +14.4% |
| 3 Bedrooms | $267.5K | $245K | -8.4% |
| 4 Bedrooms | $490K | $500K | +2.0% |
| 5+ Bedrooms | $303K | - | N/A |
Summary: Presque Isle housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.4%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes increased by 2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Alpena Township | $142.9K | $166K | +16.2% |
| Presque Isle Township | $267.5K | $253.7K | -5.1% |
| Presque Isle | $267.5K | $248K | -7.3% |
Housing Supply in Presque Isle, MI
How many homes are available in Presque Isle, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The Presque Isle real estate market had 17 homes for sale in October 2024, a 13.3% increase 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Presque Isle 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 increased by 50%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Presque Isle, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Presque Isle in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Presque Isle, MI
We’re sorry, we don't have information for this market at the moment
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