Is Menominee County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Menominee County has remained a Seller's Market.
Housing Prices in Menominee County, MI
How much do homes in Menominee County, MI cost?
Median Sold Price
$154,937
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Menominee County was $154,937 in March 2024, up 19.2% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $109.9K | -0.1% |
2 Bedrooms | $119.9K | $130.7K | +9.0% |
3 Bedrooms | $130K | $164.9K | +26.8% |
4 Bedrooms | $165K | $173K | +4.8% |
5+ Bedrooms | $103K | $279K | +170.9% |
Summary: Menominee County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 26.8%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 170.9%.
Median Sold Price Compared To Nearby Counties
Menominee County | $130K | $154.9K | +19.2% |
Marinette County | $173.3K | $176.7K | +1.9% |
Housing Supply in Menominee County, MI
How many homes are available in Menominee County, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 49 | +28.9% |
Summary: The Menominee County real estate market had 49 homes for sale in March 2024, a 28.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 19 | 27 | +42.1% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Menominee County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 42.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Menominee County in March 2024, up by 12.5% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.
Days on Market for Menominee County, MI
How long does it take to sell a home in Menominee County, MI?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Menominee County; 0% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.