Is Presque Isle County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Presque Isle County is a seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Presque Isle County, MI cost?

Median Sold Price

$156,300

$108/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$16,400(+11.7%)

Key Takeaway

Homes in Presque Isle County have sold for 11.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $190.1K$55K
-71.1%
2 $108K$143K
+32.4%
3 $140K$155.5K
+11.1%
4 $160K$220K
+37.5%
5+ $172K$260K
+51.2%

Median Sold Price Compared To Nearby Counties

Alpena County
+14.7%
Presque Isle County
+11.7%
Cheboygan County
+10.5%
Montmorency County
+7.2%

How many homes are available in Presque Isle County, MI?

Number of Homes For Sale

Aug 2022Sep 2022%
7981+2.5%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 21
-50.0%
2 2228
+27.3%
3 3835
-7.9%
4 1514
-6.7%
5+ 23
+50.0%

Number of Homes Sold

Aug 2022Sep 2022%
1819+5.6%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Presque Isle County, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Presque Isle County, MI

Homes for sale in Presque Isle County, MI have reached 81. In September 2022 in Presque Isle County, MI there were 2.5% more homes for sale than in August 2022. Real estate listing prices changed between August 2022 and September 2022: prices of 1 bedroom properties went down by 71.1%, prices of 2 bedrooms properties increased by 32.4%, prices of 3 bedrooms properties increased by 11.1%, the cost of 4 bedrooms properties went up by 37.5%, prices of 5 bedrooms properties increased by 51.2%. This housing market inventory have changed: 1 bedroom homes inventory decreased by 50%, the quantity of 2 bedrooms homes went up by 27.3%, number of 3 bedrooms homes decreased by 7.9%, number of 4 bedrooms homes decreased by 6.7%, number of 5 bedrooms homes increased by 50%. In September 2022, from all listings sold in Presque Isle County, MI there were more than 9 sold above asking price, over 6 sold below and more than 4 were sold right at the asked price.

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