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 March 2023
At the same time last year, Presque Isle County was a Neutral Market.
Key Takeaway
Presque Isle County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Presque Isle County, MI
How much do homes in Presque Isle County, MI cost?
Median Sold Price
$194,250
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Presque Isle County have sold for 17.7% more than they did a year ago.
Summary: The median home sold price in Presque Isle County was $194,250 in March 2024, up 17.7% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | $160K | +255.6% |
| 2 Bedrooms | $144K | $211K | +46.5% |
| 3 Bedrooms | $168K | $205.9K | +22.6% |
| 4 Bedrooms | $200.5K | $193.5K | -3.5% |
| 5+ Bedrooms | $311.5K | $110K | -64.7% |
Summary: Presque Isle County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 255.6%, 2 bedroom homes increased by 46.5%, 3 bedroom homes increased by 22.6%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 64.7%.
Median Sold Price Compared To Nearby Counties
| Presque Isle County | $165K | $194.2K | +17.7% |
| Alpena County | $140K | $158.9K | +13.5% |
| Cheboygan County | $203.5K | $227.5K | +11.8% |
| Montmorency County | $147.1K | $159K | +8.0% |
Housing Supply in Presque Isle County, MI
How many homes are available in Presque Isle County, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 | 51 | +18.6% |
Summary: The Presque Isle County real estate market had 51 homes for sale in March 2024, a 18.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 10 | 17 | +70.0% |
| 3 Bedrooms | 18 | 19 | +5.6% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Presque Isle County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 70%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 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. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Presque Isle County in March 2024, down by 41.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Presque Isle County, MI
We’re sorry, we don't have information for this market at the moment
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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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