Is Manistee, MI 49660 a buyer’s or seller’s market?
Manistee is a seller’s market. With about 3.5 months of supply and 9% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 21% of U.S. ZIP codes, and #472 of 510 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Manistee housing market right now
In the three months ending August 31, 2026, 9% of homes in Manistee, MI 49660 sold above their list price, the typical home went under contract in 47 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 66 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 12%, homes sold faster (50 days then) and the median sale price fell 15% to $255,340. Overall, Manistee is about as competitive as it was a year ago.
Within Manistee County, homes here sell more slowly than in 62% of the county’s ZIP codes, and sell less often over asking than in 87%. On our competition score, Manistee ranks #472 of 510 MI ZIP codes with enough sales (score 26 out of 100).
Nearby, Copemish 49625 (100% sold over asking) and Filer City 49634 (100% sold over asking) are even more competitive.
Run the numbers for 49660
Nearby markets
Arcadia 49613Seller’s market $439 /sq ftBear Lake 49614Balanced $201 /sq ftBrethren 49619Buyer’s market $206 /sq ftCopemish 49625Buyer’s market $224 /sq ft Browse all markets →Towns like Manistee nearby
Find towns like Manistee in other states →Where Manistee is
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Questions about Manistee real estate
Is Manistee a buyer’s or seller’s market?
A seller’s market: there were 3.5 months of supply in Manistee, MI 49660 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Manistee?
The typical home went under contract in 47 days in the latest three months.
Do homes in Manistee sell over asking?
9% of homes sold above their original list price, and the typical sale closed at 95.9% of the list price.
What are property taxes in Manistee?
About 1.04% of a home’s value a year in Manistee County, or roughly $4,160 on a $400,000 home.
What is the median home price in Manistee?
The median sale price was $255,340 in the three months ending August 31, 2026, about $157 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology