Is Manistee County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manistee County is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Manistee County has remained a Seller's Market.

Key Takeaway

Manistee County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Manistee County, MI cost?

Median Sold Price

$208,300

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$16,600(+8.7%)

Key Takeaway

Homes in Manistee County have sold for 8.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $111.5K$98.1K
-11.9%
2 $163.2K$149.9K
-8.1%
3 $199K$220K
+10.6%
4 $210K$249.5K
+18.8%
5+ $325K$310K
-4.6%

Median Sold Price Compared To Nearby Counties

Benzie County
+32.7%
Lake County
+20.4%
Mason County
+10.1%
Manistee County
+8.7%
Wexford County
+3.9%

How many homes are available in Manistee County, MI?

Number of Homes For Sale

Jul 2022Aug 2022%
192201+4.7%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 109
-10.0%
2 4450
+13.6%
3 8693
+8.1%
4 3935
-10.3%
5+ 1314
+7.7%

Number of Homes Sold

Jul 2022Aug 2022%
3443+26.5%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manistee County, you may be able to get a good deal. 46.5% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
69 Days60 Days-13.0%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Manistee County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Manistee County, MI

There are 201 homes are for sale in Manistee County, MI real estate market. The number of homes for sale in Manistee County, MI increased by 4.7% between July 2022 and August 2022. While the average time on the market in August 2022 was 60 days, the median list price was $208,300. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices decreased by 11.9%, 2 bedrooms properties prices decreased by 8.1%, the cost of 3 bedrooms properties went up by 10.6%, 4 bedrooms properties prices increased by 18.8%, prices of 5 bedrooms properties decreased by 4.6%. This housing market inventory have changed: 1 bedroom homes became 10% less available, number of 2 bedrooms homes increased by 13.6%, the quantity of 3 bedrooms homes went up by 8.1%, volume of 4 bedrooms homes went down by 10.3%, 5 bedrooms homes became 7.7% more available. Manistee County, MI housing market in August 2022 saw over 15 listings sold above listed price, more than 8 sold at listed price and over 20 sold below.

Related Housing Market Reports