Manistique Real Estate
3 active listings · 3 sold in the past 12mo
$785,000
Median List Price
3
Sold (past 12mo)
77
Avg Days on Market
+0.4%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Active Listings
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Homes for Sale(3)
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For Sale
1/91
$2,495,000
5343 Michibay Drive, Manistique, MI 49854
5 bd4 ba61.41 ac
Single Family
For Sale
1/69
$785,000
93 County Road 441, Manistique, MI 49854
4 bd3 ba1.38 ac
Single Family
For Sale
1/69
$785,000
93 County Road 441, Manistique, MI 49854
4 bd3 ba1.38 ac
Single Family
Recently Sold(3)
| Address | Sold Price | Date Sold |
|---|---|---|
| 540 Arbutus Avenue, Manistique, MI 49854 | $65,000 | Jan 15, 2026 |
| 333 Lake Street, Manistique, MI 49854 | $50,000 | Nov 13, 2025 |
| 9231 W GIERKE Road, Manistique, MI 49854 | $350,000 | Sep 8, 2025 |
Frequently Asked Questions about Manistique
What is the current real estate inventory in Manistique?
Manistique currently has 3 homes listed for sale. The median asking price is $785,000.
What is the median home price in Manistique?
The median sale price in Manistique is $785,000, based on 3 closed sales over the past 12 months.
How fast do homes sell in Manistique?
Homes in Manistique sell in an average of 77 days, based on 3 sales over the past 12 months.
What school districts serve Manistique?
Manistique is served by one or more public school districts. In Michigan, school district boundaries do not always align with city limits, so different parts of Manistique may be zoned for different districts. Check individual listings for the specific school district assignment.
Is Manistique a buyer's or seller's market?
With 12.0 months of inventory, Manistique is currently a buyer's market. This is based on 3 active listings and 3 sales in the past 12 months.
How much are property taxes in Manistique?
Michigan property taxes in Manistique are calculated using the State Equalized Value (SEV) times the local millage rate. Rates vary by school district and municipality. Primary residences qualify for a homestead exemption that reduces the tax rate.
What is the Household Formation Gap in Manistique?
Per U.S. Census ACS data, Manistique has a +0.4% Household Formation Gap — essentially flat over the past 15 years. Average household size shifted from 2.16 to 1.88, while population declined 12.6%. This secondary indicator suggests demographic housing demand has remained relatively stable.