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Short Sale Listings in Manistee, MI

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Manistee, MI Foreclosures

How much do homes sell for in Manistee, MI?
The average home price is currently $294,850.
In Manistee, MI, how many homes are available?
There are currently 19 active home listings available in Manistee.
What’s the average rental cost in Manistee, MI?
The average rental price in Manistee is $1,475.
What is the most expensive home in Manistee?
The most expensive home sold in Manistee had a price of $4,943,570.
What is currently the cheapest priced home in Manistee, MI?
The cheapest home for sale in Manistee is priced at $13,650.

Living in Manistee, MI

Manistee, Michigan, is a picturesque lakeside city that offers a perfect blend of natural beauty and small-town charm. Known for its historic downtown, outdoor recreation, and vibrant community life, Manistee is an ideal location for families and retirees alike. With access to stunning beaches and parks, it provides numerous opportunities for active living and relaxation.

Current Market Conditions in Manistee, MI

The real estate market in Manistee has shown stability over the past year, with a slight increase in home values due to the area's growing popularity. The market is characterized by a mix of affordable homes and higher-end properties along the lake, appealing to both new buyers and retirees looking for peaceful living.

As demand for homes in recreational areas increases, Manistee continues to attract attention from buyers seeking vacation homes or second properties. This trend has led to a competitive market but still offers a range of options for various budgets.

Home Value Estimator For Manistee, MI

There are currently 6,299 real estate properties in Manistee, MI, with a median automated valuation model (AVM) price of $229,615.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Manistee, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Manistee, MI, is $294,850.00, with the most expensive house in Manistee, MI, topping out at $4,943,570.00 and the cheapest home in Manistee, MI, clocking in at $13,650.00. In other words, there’s something for every potential homebuyer or savvy investor in Manistee, MI!

Rent Prices In Manistee, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Manistee, MI, is on a rollercoaster ride. The average rent price in Manistee, MI, is $1,475.00. Indeed, when looking to rent in Manistee, MI, you can expect to pay as little as $840.00 or as much as $2,040.00, with the average rent median estimated to be $1,480.00. The good news is that finding an affordable and desirable property to rent in Manistee, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Manistee, MI Short Sale Listings

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