Is Manistee Township, 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 Township has remained a Seller's Market.
Housing Prices in Manistee Township, MI
How much do homes in Manistee Township, MI cost?
Median Sold Price
$228,500
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Manistee Township was $228,500 in April 2024, down 0.7% 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 | $79.2K | $140.1K | +76.8% |
2 Bedrooms | $214.9K | $222.7K | +3.6% |
3 Bedrooms | $200K | $225K | +12.5% |
4 Bedrooms | $290K | $229K | -21.0% |
5+ Bedrooms | $332K | $480K | +44.6% |
Summary: Manistee Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 76.8%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 21%, and 5+ bedroom homes increased by 44.6%.
Median Sold Price Compared To Nearby Cities
Onekama Township | $250K | $288.1K | +15.2% |
Manistee | $200K | $229K | +14.5% |
Manistee Township | $230K | $228.5K | -0.7% |
Housing Supply in Manistee Township, MI
How many homes are available in Manistee Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
60 | 75 | +25.0% |
Summary: The Manistee Township real estate market had 75 homes for sale in April 2024, a 25.0% 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 | 13 | 18 | +38.5% |
3 Bedrooms | 27 | 34 | +25.9% |
4 Bedrooms | 8 | 11 | +37.5% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Manistee Township 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 38.5%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 13 | +85.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Manistee Township in April 2024, up by 85.7% month-over-month. Of the 13 sold homes, 69% were sold under asking, 15% were sold at asking, and 15% were sold over asking.
Days on Market for Manistee Township, MI
How long does it take to sell a home in Manistee Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 74 Days | +73.5% |
Summary: Homes in Manistee Township had an average of 74 days on market in Apr 2024, up by 73.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Manistee Township; 38% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.