Is Pullman, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Pullman has remained a Seller's Market.
Key Takeaway
Pullman is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pullman, MI
How much do homes in Pullman, MI cost?
Median Sold Price
$197,500
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pullman have sold for 24.6% more than they did a year ago.
Summary: The median home sold price in Pullman was $197,500 in May 2024, up 24.6% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $432.5K | N/A |
| 2 Bedrooms | $121K | $153.5K | +26.9% |
| 3 Bedrooms | $169.2K | $179K | +5.8% |
| 4 Bedrooms | $172K | $215K | +25.0% |
| 5+ Bedrooms | $336K | - | N/A |
Summary: Pullman housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.9%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Grand Junction | $167.5K | $265K | +58.2% |
| Pullman | $158.5K | $197.5K | +24.6% |
| Lee Township | $165K | $193K | +17.0% |
| Clyde Township | $289.9K | $257K | -11.3% |
Housing Supply in Pullman, MI
How many homes are available in Pullman, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Summary: The Pullman real estate market had 7 homes for sale in May 2024, a 22.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 6 | 2 | -66.7% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Pullman housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pullman, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Pullman in May 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Pullman, MI
How long does it take to sell a home in Pullman, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 5 Days | -80.5% |
Summary: Homes in Pullman had an average of 5 days on market in May 2024, down by 80.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pullman are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Pullman; 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.
