Is Manistee, 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, Manistee was a Seller's Market.
Key Takeaway
Manistee is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Manistee, MI
How much do homes in Manistee, MI cost?
Median Sold Price
$229,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Manistee have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in Manistee was $229,000 in April 2024, up 14.5% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $140.1K | +100.2% |
| 2 Bedrooms | $250K | $222.7K | -10.9% |
| 3 Bedrooms | $190K | $223K | +17.4% |
| 4 Bedrooms | $230K | $254K | +10.4% |
| 5+ Bedrooms | $299K | $480K | +60.5% |
Summary: Manistee housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 100.2%, 2 bedroom homes decreased by 10.9%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 60.5%.
Median Sold Price Compared To Nearby Cities
| Manistee | $200K | $229K | +14.5% |
| Manistee Township | $230K | $228.5K | -0.7% |
| Filer Charter Township | $274K | $223K | -18.6% |
Housing Supply in Manistee, MI
How many homes are available in Manistee, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 57 | 72 | +26.3% |
Summary: The Manistee real estate market had 72 homes for sale in April 2024, a 26.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 12 | 17 | +41.7% |
| 3 Bedrooms | 25 | 32 | +28.0% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Manistee housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 41.7%, 3 bedroom homes increased by 28%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manistee, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Manistee in April 2024, up by 57.1% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for Manistee, MI
How long does it take to sell a home in Manistee, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 85 Days | +99.6% |
Summary: Homes in Manistee had an average of 85 days on market in Apr 2024, up by 99.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Manistee has remained consistent over time.
Summary: During April 2024, 11 homes were sold in Manistee; 27% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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. 
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.