$4,323 Closing Credit*
$364,000
900 SqFt
3 Beds
•1 Full Bath
Anthony Moreno, Listing Office: Berkley Realty Group LLC
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 October 2023
At the same time last year, Presque Isle Township was a Neutral Market.
Key Takeaway
Presque Isle Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Presque Isle Township, MI
How much do homes in Presque Isle Township, MI cost?
Median Sold Price
$253,750
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$13,750(-5.1%)
Key Takeaway
Homes in Presque Isle Township have sold for 5.1% less than they did a year ago.
Summary: The median home sold price in Presque Isle Township was $253,750 in October 2024, down 5.1% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $209.5K | $239.9K | +14.5% |
| 3 Bedrooms | $245K | $250K | +2.0% |
| 4 Bedrooms | $490K | $565K | +15.3% |
| 5+ Bedrooms | $303K | $208.2K | -31.3% |
Summary: Presque Isle Township 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 14.5%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes decreased by 31.3%.
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 Township, MI
How many homes are available in Presque Isle Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Summary: The Presque Isle Township real estate market had 21 homes for sale in October 2024, a 5.0% 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Presque Isle Township 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 25%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 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. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Presque Isle Township in October 2024, up by 166.7% month-over-month. Of the 8 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% were sold over asking.
Days on Market for Presque Isle Township, MI
How long does it take to sell a home in Presque Isle Township, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Presque Isle Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Presque Isle Township; 13% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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