Is Presque Isle 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, 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.
Housing Prices in Presque Isle County, MI
How much do homes in Presque Isle County, MI cost?
Median Sold Price
$189,700
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Presque Isle County have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Presque Isle County was $189,700 in April 2024, up 11.9% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | $121.5K | +170.0% |
| 2 Bedrooms | $141.5K | $200.2K | +41.5% |
| 3 Bedrooms | $170K | $178K | +4.7% |
| 4 Bedrooms | $184.5K | $199K | +7.9% |
| 5+ Bedrooms | $311.5K | $110K | -64.7% |
Summary: Presque Isle County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 170%, 2 bedroom homes increased by 41.5%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 64.7%.
Median Sold Price Compared To Nearby Counties
| Cheboygan County | $200K | $230K | +15.0% |
| Alpena County | $142K | $160K | +12.7% |
| Presque Isle County | $169.5K | $189.7K | +11.9% |
| Montmorency County | $147.2K | $159.4K | +8.3% |
Housing Supply in Presque Isle County, MI
How many homes are available in Presque Isle County, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 58 | +13.7% |
Summary: The Presque Isle County real estate market had 58 homes for sale in April 2024, a 13.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 18 | 18 | 0.0% |
| 3 Bedrooms | 19 | 24 | +26.3% |
| 4 Bedrooms | 8 | 12 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Presque Isle County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes remained the same, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Presque Isle County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Presque Isle County in April 2024, up by 50.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Presque Isle County, MI
We’re sorry, we don't have information for this market at the moment
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The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved
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