$59,900
0.40 Acres
Land
Dan Thornton, Listing Office: Advanced Realty Global
Is Presque Isle, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Presque Isle was a Seller's Market.
Key Takeaway
Presque Isle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Presque Isle, MI
How much do homes in Presque Isle, MI cost?
Median Sold Price
$249,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,100(+3.8%)
Key Takeaway
Homes in Presque Isle have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Presque Isle was $249,000 in November 2024, up 3.8% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 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 | - | - | N/A |
Summary: Presque Isle housing prices by bedroom type for November 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
| Presque Isle Township | $226.7K | $258.7K | +14.1% |
| Alpena Township | $148K | $167.6K | +13.3% |
| Presque Isle | $239.9K | $249K | +3.8% |
Housing Supply in Presque Isle, MI
How many homes are available in Presque Isle, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Summary: The Presque Isle real estate market had 12 homes for sale in November 2024, a 20.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 4 | 1 | -75.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Presque Isle housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Presque Isle, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Presque Isle in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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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