Is Mancelona Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mancelona Township has remained a Neutral Market.
Key Takeaway
Mancelona Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mancelona Township, MI
How much do homes in Mancelona Township, MI cost?
Median Sold Price
$200,750
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mancelona Township have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in Mancelona Township was $200,750 in April 2024, up 12.2% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $63.7K | -42.0% |
| 2 Bedrooms | $178K | $149K | -16.3% |
| 3 Bedrooms | $199K | $215K | +8.0% |
| 4 Bedrooms | $160K | $237.5K | +48.4% |
| 5+ Bedrooms | $465K | $480K | +3.2% |
Summary: Mancelona Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42%, 2 bedroom homes decreased by 16.3%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 48.4%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Mancelona Township | $179K | $200.7K | +12.2% |
| Mancelona | $178K | $199.5K | +12.1% |
| Hayes Township | $225.5K | $248K | +10.0% |
Housing Supply in Mancelona Township, MI
How many homes are available in Mancelona Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 24 | +20.0% |
Summary: The Mancelona Township real estate market had 24 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 10 | +150.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Mancelona Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 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 Mancelona Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Mancelona Township in April 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Mancelona Township, MI
How long does it take to sell a home in Mancelona Township, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 110 Days | 143 Days | +30.0% |
Summary: Homes in Mancelona Township had an average of 143 days on market in Apr 2024, up by 30% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mancelona Township has remained consistent over time.
Summary: During April 2024, 4 homes were sold in Mancelona Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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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
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