Is Menominee Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Menominee Township was a Neutral Market.
Key Takeaway
Menominee Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Menominee Township, MI
How much do homes in Menominee Township, MI cost?
Median Sold Price
$154,875
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Menominee Township have sold for 21% more than they did a year ago.
Summary: The median home sold price in Menominee Township was $154,875 in April 2024, up 21% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $123.9K | N/A |
| 2 Bedrooms | $119.9K | $130K | +8.4% |
| 3 Bedrooms | $126K | $165.2K | +31.1% |
| 4 Bedrooms | $161.5K | $173K | +7.1% |
| 5+ Bedrooms | $396K | $257.5K | -35.0% |
Summary: Menominee Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 31.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 35%.
Median Sold Price Compared To Nearby Cities
| Porterfield | $237K | $303.8K | +28.2% |
| Menominee Township | $127.9K | $154.8K | +21.0% |
| Menominee | $126K | $150K | +19.0% |
Housing Supply in Menominee Township, MI
How many homes are available in Menominee Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 44 | +18.9% |
Summary: The Menominee Township real estate market had 44 homes for sale in April 2024, a 18.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 21 | 25 | +19.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Menominee Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 19%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 11 | +83.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Menominee Township, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Menominee Township in April 2024, up by 83.3% month-over-month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% were sold over asking.
Days on Market for Menominee Township, MI
We’re sorry, we don't have information for this market at the moment
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.