Is Manistee County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Manistee County has remained a Seller's Market.
Key Takeaway
Manistee County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manistee County, MI
How much do homes in Manistee County, MI cost?
Median Sold Price
$225,500
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Manistee County have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Manistee County was $225,500 in April 2024, up 12.8% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $133K | +33.0% |
| 2 Bedrooms | $170K | $182K | +7.1% |
| 3 Bedrooms | $215K | $223K | +3.7% |
| 4 Bedrooms | $225K | $285K | +26.7% |
| 5+ Bedrooms | $299K | $505K | +68.9% |
Summary: Manistee County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 68.9%.
Median Sold Price Compared To Nearby Counties
| Wexford County | $168.9K | $216.8K | +28.4% |
| Manistee County | $200K | $225.5K | +12.8% |
| Benzie County | $405K | $350K | -13.6% |
Housing Supply in Manistee County, MI
How many homes are available in Manistee County, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 101 | 131 | +29.7% |
Summary: The Manistee County real estate market had 131 homes for sale in April 2024, a 29.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 28 | 40 | +42.9% |
| 3 Bedrooms | 41 | 51 | +24.4% |
| 4 Bedrooms | 15 | 22 | +46.7% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Manistee County 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 42.9%, 3 bedroom homes increased by 24.4%, 4 bedroom homes increased by 46.7%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 22 | +83.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manistee County, you may be able to get a good deal. 68.2% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Manistee County in April 2024, up by 83.3% month-over-month. Of the 22 sold homes, 68% were sold under asking, 14% were sold at asking, and 18% were sold over asking.
Days on Market for Manistee County, MI
How long does it take to sell a home in Manistee County, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 66 Days | 92 Days | +38.2% |
Summary: Homes in Manistee County had an average of 92 days on market in Apr 2024, up by 38.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Manistee County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 22 homes were sold in Manistee County; 32% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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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.