Is Menominee County, 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, Menominee County was a Neutral Market.
Key Takeaway
Menominee County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Menominee County, MI
How much do homes in Menominee County, MI cost?
Median Sold Price
$155,000
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Menominee County have sold for 19.2% more than they did a year ago.
Summary: The median home sold price in Menominee County was $155,000 in April 2024, up 19.2% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $109.9K | -0.1% |
| 2 Bedrooms | $119.9K | $131.5K | +9.7% |
| 3 Bedrooms | $130K | $168.7K | +29.8% |
| 4 Bedrooms | $164K | $167.8K | +2.4% |
| 5+ Bedrooms | $103K | $279K | +170.9% |
Summary: Menominee County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 29.8%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 170.9%.
Median Sold Price Compared To Nearby Counties
| Menominee County | $130K | $155K | +19.2% |
| Marinette County | $170.8K | $178.8K | +4.7% |
Housing Supply in Menominee County, MI
How many homes are available in Menominee County, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 56 | +16.7% |
Summary: The Menominee County real estate market had 56 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 29 | 32 | +10.3% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Menominee County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 13 | +44.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Menominee County, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Menominee County in April 2024, up by 44.4% month-over-month. Of the 13 sold homes, 38% were sold under asking, 23% were sold at asking, and 38% were sold over asking.
Days on Market for Menominee County, MI
We’re sorry, we don't have information for this market at the moment
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Menominee County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in Menominee County; 15% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.