Is Manitou Beach, 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, Manitou Beach was a Seller's Market.
Key Takeaway
Manitou Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Manitou Beach, MI
How much do homes in Manitou Beach, MI cost?
Median Sold Price
$325,000
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Manitou Beach have sold for 12% less than they did a year ago.
Summary: The median home sold price in Manitou Beach was $325,000 in March 2024, down 12% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $210K | N/A |
| 2 Bedrooms | $170K | $245K | +44.1% |
| 3 Bedrooms | $362.5K | $370K | +2.1% |
| 4 Bedrooms | $474.9K | $437.5K | -7.9% |
| 5+ Bedrooms | $553K | $807.5K | +46.0% |
Summary: Manitou Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 44.1%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes increased by 46%.
Median Sold Price Compared To Nearby Cities
| Cambridge Township | $317.5K | $292K | -8.0% |
| Manitou Beach | $369.2K | $325K | -12.0% |
| Rollin Township | $322.5K | $250K | -22.5% |
Housing Supply in Manitou Beach, MI
How many homes are available in Manitou Beach, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Summary: The Manitou Beach real estate market had 20 homes for sale in March 2024, a 5.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Manitou Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manitou Beach, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Manitou Beach in March 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Manitou Beach, MI
How long does it take to sell a home in Manitou Beach, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 64 Days | 25 Days | -60.9% |
Summary: Homes in Manitou Beach had an average of 25 days on market in Mar 2024, down by 60.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Manitou Beach are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 homes were sold in Manitou Beach; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
