$2,968 Closing Credit*
$249,900
1,788 SqFt
3 Beds
•3 Full Baths
Randall Zakrajsek, Listing Office: Five Star Real Estate - Onekama
Is Manistee, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Manistee has remained a Seller's Market.
Key Takeaway
Manistee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manistee, MI
How much do homes in Manistee, MI cost?
Median Sold Price
$229,700
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$469(-0.2%)
Key Takeaway
The sold price of homes in Manistee has remained the same since last year.
Summary: The median home sold price in Manistee was $229,700 in September 2024, down 0.2% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $140.1K | +100.2% |
| 2 Bedrooms | $230K | $245K | +6.5% |
| 3 Bedrooms | $207.5K | $216K | +4.1% |
| 4 Bedrooms | $278K | $262K | -5.8% |
| 5+ Bedrooms | $365K | $257.5K | -29.5% |
Summary: Manistee housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 100.2%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 29.5%.
Median Sold Price Compared To Nearby Cities
| Manistee Township | $230K | $229.8K | -0.1% |
| Manistee | $230.1K | $229.7K | -0.2% |
| Filer Charter Township | $274K | $225K | -17.9% |
Housing Supply in Manistee, MI
How many homes are available in Manistee, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 82 | 82 | 0.0% |
Summary: The Manistee real estate market had 82 homes for sale in September 2024, the same as August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 22 | 18 | -18.2% |
| 3 Bedrooms | 39 | 41 | +5.1% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Manistee housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 5.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manistee, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Manistee in September 2024, down by 5.0% month-over-month. Of the 19 sold homes, 53% were sold under asking, 26% were sold at asking, and 21% were sold over asking.
Days on Market for Manistee, MI
How long does it take to sell a home in Manistee, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 36 Days | 98 Days | +169.2% |
Summary: Homes in Manistee had an average of 98 days on market in Sep 2024, up by 169.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Manistee has remained consistent over time.
Summary: During September 2024, 19 homes were sold in Manistee; 26% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
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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