$6,500
0.71 Acres
Land
Katie Taylor, Listing Office: Lakeshore Realty
Is Presque Isle County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Presque Isle County has remained a Seller's Market.
Key Takeaway
Presque Isle County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Presque Isle County, MI
How much do homes in Presque Isle County, MI cost?
Median Sold Price
$189,500
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$400(-0.2%)
Key Takeaway
The sold price of homes in Presque Isle County has remained the same since last year.
Summary: The median home sold price in Presque Isle County was $189,500 in November 2024, down 0.2% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $121.5K | $125K | +2.9% |
| 2 Bedrooms | $213.5K | $163K | -23.7% |
| 3 Bedrooms | $175K | $215K | +22.9% |
| 4 Bedrooms | $189K | $230K | +21.7% |
| 5+ Bedrooms | $140K | $80K | -42.9% |
Summary: Presque Isle County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes decreased by 23.7%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes decreased by 42.9%.
Median Sold Price Compared To Nearby Counties
| Cheboygan County | $220K | $259.9K | +18.1% |
| Alpena County | $146.9K | $170K | +15.7% |
| Montmorency County | $157K | $170K | +8.3% |
| Presque Isle County | $189.9K | $189.5K | -0.2% |
Housing Supply in Presque Isle County, MI
How many homes are available in Presque Isle County, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 70 | 74 | +5.7% |
Summary: The Presque Isle County real estate market had 74 homes for sale in November 2024, a 5.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 20 | 20 | 0.0% |
| 3 Bedrooms | 33 | 37 | +12.1% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Presque Isle County 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 remained the same, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Presque Isle County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Presque Isle County in November 2024, up by 25.0% month-over-month. Of the 15 sold homes, 67% were sold under asking, 27% were sold at asking, and 7% were sold over asking.
Days on Market for Presque Isle County, MI
How long does it take to sell a home in Presque Isle County, MI?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Presque Isle County has remained consistent over time.
Summary: During November 2024, 15 homes were sold in Presque Isle County; 0% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. 
The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.