Housing Prices in Peaine Township, MI
How much do homes in Peaine Township, MI cost?
Median List Price
$590,000
$348/sqft
Based on all homes listed in the last 12 months.
Difference Since May 2023
Key Takeaway
The list price of homes in Peaine Township has increased by 37.2% since last year.
Summary: The median home list price in Peaine Township was $590,000 in May 2024, up 37.2% from the previous year, and the median price per square foot was $348.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $395K | $449.9K | +13.9% |
| 3 Bedrooms | $415K | $527.5K | +27.1% |
| 4 Bedrooms | $500K | $600K | +20.0% |
| 5+ Bedrooms | - | $695K | N/A |
Summary: Peaine 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 13.9%, 3 bedroom homes increased by 27.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Peaine Township | $430K | $590K | +37.2% |
| Beaver Island | $397.5K | $449.9K | +13.2% |
| Saint James Township | $382.5K | $277.5K | -27.5% |
Housing Supply in Peaine Township, MI
How many homes are available in Peaine Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Summary: The Peaine Township real estate market had 3 homes for sale in May 2024, a 50.0% increase 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Peaine Township 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 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Days on Market for Peaine Township, MI
How long does it take to sell a home in Peaine Township, MI?
Average Listing Age
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 56 Days | 39 Days | -30.6% |
Summary: Homes in Peaine Township had an average listing age of 39 days in May 2024, down by 30.6% compared to the previous year.
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