Is Pinckney, 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, Pinckney has remained a Seller's Market.
Key Takeaway
Pinckney is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pinckney, MI
How much do homes in Pinckney, MI cost?
Median Sold Price
$375,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pinckney have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Pinckney was $375,000 in May 2024, up 7.1% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $213.7K | -14.5% |
| 2 Bedrooms | $277.3K | $330K | +19.0% |
| 3 Bedrooms | $322.5K | $346.5K | +7.4% |
| 4 Bedrooms | $427.5K | $421K | -1.5% |
| 5+ Bedrooms | $474.9K | $515K | +8.4% |
Summary: Pinckney housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.5%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Cities
| Putnam Township | $316K | $339.9K | +7.6% |
| Pinckney | $350.2K | $375K | +7.1% |
Housing Supply in Pinckney, MI
How many homes are available in Pinckney, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 70 | 95 | +35.7% |
Summary: The Pinckney real estate market had 95 homes for sale in May 2024, a 35.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 13 | 19 | +46.2% |
| 3 Bedrooms | 27 | 42 | +55.6% |
| 4 Bedrooms | 20 | 22 | +10.0% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Pinckney housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 46.2%, 3 bedroom homes increased by 55.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 21 | +40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pinckney, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Pinckney in May 2024, up by 40.0% month-over-month. Of the 21 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Pinckney, MI
How long does it take to sell a home in Pinckney, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 26 Days | +9.3% |
Summary: Homes in Pinckney had an average of 26 days on market in May 2024, up by 9.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pinckney are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 21 homes were sold in Pinckney; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
