Is Marinette, WI 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, Marinette has remained a Seller's Market.
Key Takeaway
Marinette is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marinette, WI
How much do homes in Marinette, WI cost?
Median Sold Price
$156,500
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Marinette have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Marinette was $156,500 in March 2024, up 4.3% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $117.5K | $65.7K | -44.0% |
| 2 Bedrooms | $115K | $123.5K | +7.4% |
| 3 Bedrooms | $147K | $170K | +15.6% |
| 4 Bedrooms | $179.9K | $156.5K | -13.0% |
| 5+ Bedrooms | $199.9K | $229.9K | +15.0% |
Summary: Marinette housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes increased by 15%.
Median Sold Price Compared To Nearby Cities
| Menominee | $125.5K | $148K | +17.9% |
| Marinette | $150K | $156.5K | +4.3% |
Housing Supply in Marinette, WI
How many homes are available in Marinette, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 37 | -5.1% |
Summary: The Marinette real estate market had 37 homes for sale in March 2024, a 5.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Marinette 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
4 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 Marinette, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Marinette in March 2024, down by 9.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.
Days on Market for Marinette, WI
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.