Is Manistee County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Manistee County was a Seller's Market.
Key Takeaway
Manistee County 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 Manistee County, MI
How much do homes in Manistee County, MI cost?
Median Sold Price
$217,166
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Manistee County have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Manistee County was $217,166 in June 2024, up 8.6% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $137.2K | +37.2% |
| 2 Bedrooms | $170K | $205K | +20.6% |
| 3 Bedrooms | $207.5K | $200K | -3.6% |
| 4 Bedrooms | $225K | $272.5K | +21.1% |
| 5+ Bedrooms | $422.5K | $505K | +19.5% |
Summary: Manistee County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.2%, 2 bedroom homes increased by 20.6%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 19.5%.
Median Sold Price Compared To Nearby Counties
| Wexford County | $180K | $212K | +17.8% |
| Benzie County | $326.9K | $365K | +11.6% |
| Manistee County | $199.9K | $217.1K | +8.6% |
| Grand Traverse County | $426.3K | $408.3K | -4.2% |
Housing Supply in Manistee County, MI
How many homes are available in Manistee County, MI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 143 | 152 | +6.3% |
Summary: The Manistee County real estate market had 152 homes for sale in June 2024, a 6.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 10 | -16.7% |
| 2 Bedrooms | 48 | 49 | +2.1% |
| 3 Bedrooms | 49 | 58 | +18.4% |
| 4 Bedrooms | 24 | 25 | +4.2% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Manistee County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 32 | 23 | -28.1% |
Asking Price vs. Sold Price
13 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 County, you may be able to get a good deal. 59.1% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Manistee County in June 2024, down by 28.1% month-over-month. Of the 22 sold homes, 59% were sold under asking, 23% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 53 Days | 76 Days | +44.0% |
Summary: Homes in Manistee County had an average of 76 days on market in Jun 2024, up by 44% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Manistee County has remained consistent over time.
Summary: During June 2024, 23 homes were sold in Manistee County; 22% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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© 2024 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. 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. 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 Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.