$14,900
1.04 Acres
Land
Katie Taylor, Listing Office: Lakeshore Realty
Is Presque Isle Township, 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 Township was a Seller's Market.
Key Takeaway
Presque Isle Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Presque Isle Township, MI
How much do homes in Presque Isle Township, MI cost?
Median Sold Price
$258,750
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,050(+14.1%)
Key Takeaway
Homes in Presque Isle Township have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in Presque Isle Township was $258,750 in November 2024, up 14.1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $209.5K | $241.5K | +15.3% |
| 3 Bedrooms | $245K | $250K | +2.0% |
| 4 Bedrooms | $490K | $565K | +15.3% |
| 5+ Bedrooms | $149K | $267.5K | +79.5% |
Summary: Presque Isle Township 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 15.3%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 79.5%.
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 Township, MI
How many homes are available in Presque Isle Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 14 | -26.3% |
Summary: The Presque Isle Township real estate market had 14 homes for sale in November 2024, a 26.3% 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 4 | 1 | -75.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Presque Isle Township 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 20%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 1 | -87.5% |
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 Township, 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 Township in November 2024, down by 87.5% 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 Township, MI
We’re sorry, we don't have information for this market at the moment
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