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Featured local agent — Manistee Lake, MI
Sarah Mitchell
Compass Real Estate · Manistee Lake, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Manistee Lake, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$135,000median sale price
How is the Manistee Lake, MI housing market right now?
The median home sale price in Manistee Lake, MI is $135,000. Homes sell in an average of 239 days with 10 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Manistee Lake a buyer's or seller's market?
Manistee Lake, MI is currently a buyer's market, based on 10.0 months of supply and homes selling in about 239 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
239
Average pace
Active listings
10
10.0 months supply
Sale-to-list
96.5%
Below asking
What does the Manistee Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $135,000 |
| Median list price | $599,900 |
| Average days on market | 239 days |
| Active inventory | 10 listings |
| Months of supply | 10.0 months |
| Sale-to-list price ratio | 96.5% |
| Median price per sq ft | $158/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 5 |
| Listings with a price cut | 60.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Manistee Lake by property type?
How the Manistee Lake, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $135,000 | $158/sq ft | 1 | 239 days |
Source: Redfin · Updated monthly
The Manistee Lake housing market is currently classified as a buyer's market with a median sale price of $135,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 239 days on market, indicating 10.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Homes for sale in Manistee Lake
There are currently 10 homes listed for sale in Manistee Lake, Michigan. The median listing price is $600K.
Active listings
10
Homes on market
Median list price
$600K
Avg. days on market
239
Days until sale
New this week
5
Newly listed
Who lives in Manistee Lake?
Population
364
Median income
$52,917/yr
Median age
55.7 years
Owner-occupied
87.3%
College grads
23.9%
Avg commute
61.6 min
Source: U.S. Census Bureau ACS
What is it like to live in Manistee Lake?
Manistee Lake is a community of approximately 0K residents with a median age of 55.7 years.The median household income is $52,917, which represents a working-class community with solid middle-income opportunities. 23.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 87.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 61.6 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Manistee Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Manistee Lake, MI?
Want a head-to-head view? Compare Manistee Lake side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Manistee Lake?
The median home sale price in Manistee Lake is $135,000, down 0.0% from last year.
How long do homes stay on market in Manistee Lake?
Homes typically spend 239 days on market before going under contract.
What is the median income in Manistee Lake?
The median household income is $52,917 per year.
Is Manistee Lake a buyer's or seller's market?
With 10.0 months of supply, Manistee Lake is currently a buyer's market.
How much does a single-family home cost in Manistee Lake?
The median single-family home price in Manistee Lake, MI is $135,000 (about $158 per square foot).
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