Is Presque Isle County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Presque Isle County has remained a Seller's Market.
Key Takeaway
Presque Isle County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Presque Isle County, MI
How much do homes in Presque Isle County, MI cost?
Median Sold Price
$194,250
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Presque Isle County have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Presque Isle County was $194,250 in June 2024, up 12.3% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $112.9K | +61.3% |
| 2 Bedrooms | $165K | $189.5K | +14.8% |
| 3 Bedrooms | $180K | $217K | +20.6% |
| 4 Bedrooms | $176K | $239.9K | +36.3% |
| 5+ Bedrooms | $303K | $110K | -63.7% |
Summary: Presque Isle County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.3%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 36.3%, and 5+ bedroom homes decreased by 63.7%.
Median Sold Price Compared To Nearby Counties
| Cheboygan County | $199.9K | $245K | +22.5% |
| Alpena County | $142K | $165K | +16.2% |
| Presque Isle County | $173K | $194.2K | +12.3% |
| Montmorency County | $148K | $162.6K | +9.9% |
Housing Supply in Presque Isle County, MI
How many homes are available in Presque Isle County, MI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 61 | 75 | +23.0% |
Summary: The Presque Isle County real estate market had 75 homes for sale in June 2024, a 23.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 33 | 45 | +36.4% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Presque Isle County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 36.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Presque Isle County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Presque Isle County in June 2024, up by 23.1% month-over-month. Of the 16 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Presque Isle County, MI
How long does it take to sell a home in Presque Isle County, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Presque Isle County are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 16 homes were sold in Presque Isle County; 6% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. 
The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information 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 about said listings includes the listing office information. 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 NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved
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