Is Pavilion Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Pavilion Township was a Seller's Market.
Key Takeaway
Pavilion Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pavilion Township, MI
How much do homes in Pavilion Township, MI cost?
Median Sold Price
$325,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pavilion Township have sold for 19.3% more than they did a year ago.
Summary: The median home sold price in Pavilion Township was $325,000 in May 2024, up 19.3% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $155K | N/A |
| 2 Bedrooms | $224.5K | $297.5K | +32.5% |
| 3 Bedrooms | $268.7K | $300.7K | +11.9% |
| 4 Bedrooms | $272.5K | $337.5K | +23.9% |
| 5+ Bedrooms | $814.9K | $478.1K | -41.3% |
Summary: Pavilion Township 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 32.5%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 23.9%, and 5+ bedroom homes decreased by 41.3%.
Median Sold Price Compared To Nearby Cities
| Pavilion Township | $272.5K | $325K | +19.3% |
| Climax Township | $224.9K | $251.2K | +11.7% |
| Scotts | $298K | $326K | +9.4% |
| Comstock Charter Township | $244.6K | $265K | +8.3% |
| Brady Township | $235.1K | $235.5K | 0.2% |
Housing Supply in Pavilion Township, MI
How many homes are available in Pavilion Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Summary: The Pavilion Township real estate market had 15 homes for sale in May 2024, a 36.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Pavilion Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pavilion Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Pavilion Township in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Pavilion Township, MI
How long does it take to sell a home in Pavilion Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 1 Days | 36 Days | +2000.0% |
Summary: Homes in Pavilion Township had an average of 36 days on market in May 2024, up by 2000% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pavilion Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Pavilion Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
