New - 3 days on Rocket
$2,255 Closing Credit¹
#50165364, DAVE WOOD, Listing Office: RE/MAX SUPERIORLAND
Munising Housing Market Report December 2024•Alger County, Michigan
Housing Prices in Munising, MI
How much do homes in Munising, MI cost?
Housing Market Conditions
Is Munising, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Munising is a Neutral Market
Difference Since November 2024
Last month, Munising was a Seller's Market.
Insight
Munising is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$480,000$294/SqFt
+$191,500
+66.4%
Based on all homes sold in December 2024
Insight
Homes in Munising have sold for 66.4% more than they did a month ago.
Summary: The median home sold price in Munising was $480,000 in December 2024, up 66.4% from last month, and the median price per square foot was $294.
Median Sold Price By City
| City | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| Munising | $288.5K | $480K | +66.4% |
| Munising Township | $342K | $140K | -59.1% |
Median Sold Price By Bedrooms
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | $380K | - | N/A |
| 22 Bedrooms | $615K | - | N/A |
| 33 Bedrooms | $175.9K | $480K | +172.8% |
| 44 Bedrooms | - | - | N/A |
| 55+ Bedrooms | - | - | N/A |
Summary: Munising housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +172.8%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.
Housing supply in Munising, MI
How many homes are available in Munising, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 13Last MonthDec 2024 | ||
| 152 months agoNov 2024 | -13.3 % Change MoMNov – Dec |
Summary: The Munising real estate market had 13 homes for sale in Dec 2024, a 13.3 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 2Last MonthDec 2024 | ||
| 42 months agoNov 2024 | -50.0 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 0 | -100.0% |
| 22 Bedrooms | 3 | 2 | -33.3% |
| 33 Bedrooms | 9 | 8 | -11.1% |
| 44 Bedrooms | 1 | 2 | +100.0% |
| 55+ Bedrooms | 1 | 1 | 0.0% |
Summary: Munising housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes decreased by -33.3%. The inventory for 3 bedroom homes decreased by -11.1%. The inventory for 4 bedroom homes increased by +100.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Munising, MI cost?
Over Asking Price1 Home
At Asking Price0 Home
Under Asking Price1 Home
Insight
If you're buying a home in Munising, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Munising in December 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and and 50% were sold over asking.
Days on Market for Munising, MI
How long does it take to sell a home in Munising, MI?
Breakdown of Home Sale Times
Under 30 Days2 Homes
30 – 90 Days0 Home
Over 90 Days0 Home
Insight
Many homes in Munising are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 2 homes were sold in Munising; 100% 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.
Average Sale Time
| Last Month | 1 month ago | Change MoM |
|---|---|---|
| 9 DaysLast MonthDec 2024 | ||
| 13 Days1 month agoNov 2024 | -34.5 % Change MoMNov – Dec |
Summary: Homes in Munising had an average listing age of 9 days in Dec 2024, down by 34.5% compared to the previous month.
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Newest Listings in Munising, MI
What homes are available in Munising, MI?
$1,591 Closing Credit¹
#50163769, MATT THROOP, Listing Office: KELLER WILLIAMS FIRST UP
$2,077 Closing Credit¹
#50163290, STACEY MASTERS, Listing Office: RE/MAX SUPERIORLAND
$2,126 Closing Credit¹
#50162812, MELINDA SAVOLA, Listing Office: PICTURED ROCKS REAL ESTATE
#50161250, AMY SCHIEDING, Listing Office: RE/MAX SUPERIORLAND
#50161237, AMY SCHIEDING, Listing Office: RE/MAX SUPERIORLAND
#50159614, Scott Fader, Listing Office: Joseph Walter Realty LLC
$1,769 Closing Credit¹
#50158211, STACEY MASTERS, Listing Office: RE/MAX SUPERIORLAND
3D tour
$3,373 Closing Credit¹
#50155556, AMY SCHIEDING, Listing Office: RE/MAX SUPERIORLAND
$2,363 Closing Credit¹
#50155062, MELINDA SAVOLA, Listing Office: PICTURED ROCKS REAL ESTATE
$593 Closing Credit¹
#50154963, STACEY MASTERS, Listing Office: RE/MAX SUPERIORLAND
#50153937, Jason Copeman, Listing Office: Realty Now, LLC
Nearby markets
Nearby markets aren't available for Munising, MI
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MLS Disclaimers and Copyright
Based on information from MiRealSource Inc. DL, for the period 11/01/2024 - 01/01/2025
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 8:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.