Is Manistee County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Manistee County was a Seller's Market.
Housing Prices in Manistee County, MI
How much do homes in Manistee County, MI cost?
Median Sold Price
$225,500
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Manistee County was $225,500 in March 2024, up 12.8% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $131.5K | +31.5% |
2 Bedrooms | $170K | $184.5K | +8.5% |
3 Bedrooms | $212.9K | $217.5K | +2.2% |
4 Bedrooms | $225K | $280.5K | +24.7% |
5+ Bedrooms | $363K | $480K | +32.2% |
Summary: Manistee County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.5%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 24.7%, and 5+ bedroom homes increased by 32.2%.
Median Sold Price Compared To Nearby Counties
Wexford County | $169.9K | $215.5K | +26.8% |
Manistee County | $200K | $225.5K | +12.8% |
Benzie County | $405K | $332.5K | -17.9% |
Housing Supply in Manistee County, MI
How many homes are available in Manistee County, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
96 | 100 | +4.2% |
Summary: The Manistee County real estate market had 100 homes for sale in March 2024, a 4.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 7 | -12.5% |
2 Bedrooms | 30 | 26 | -13.3% |
3 Bedrooms | 35 | 43 | +22.9% |
4 Bedrooms | 13 | 15 | +15.4% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Manistee County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 11 | -57.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Manistee County in March 2024, down by 57.7% month-over-month. Of the 11 sold homes, 27% were sold under asking, 55% were sold at asking, and 18% were sold over asking.
Days on Market for Manistee County, MI
How long does it take to sell a home in Manistee County, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 85 Days | +37.3% |
Summary: Homes in Manistee County had an average of 85 days on market in Mar 2024, up by 37.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Manistee County; 36% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.