Is Pittsfield Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Pittsfield Charter Township has remained a Seller's Market.
Housing Prices in Pittsfield Charter Township, MI
How much do homes in Pittsfield Charter Township, MI cost?
Median Sold Price
$444,833
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pittsfield Charter Township was $444,833 in April 2024, up 3.4% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $117.3K | $110K | -6.3% |
2 Bedrooms | $256K | $279.5K | +9.2% |
3 Bedrooms | $385K | $435K | +13.0% |
4 Bedrooms | $551.1K | $525K | -4.7% |
5+ Bedrooms | $692K | $687.4K | -0.7% |
Summary: Pittsfield Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Cities
Ann Arbor | $453.9K | $489.7K | +7.9% |
Ann Arbor Charter Township | $459K | $490K | +6.7% |
Ypsilanti Charter Township | $265K | $275K | +3.8% |
Pittsfield Charter Township | $430K | $444.8K | +3.4% |
Saline | $440K | $414K | -5.9% |
Housing Supply in Pittsfield Charter Township, MI
How many homes are available in Pittsfield Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
74 | 108 | +45.9% |
Summary: The Pittsfield Charter Township real estate market had 108 homes for sale in April 2024, a 45.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 23 | +53.3% |
3 Bedrooms | 24 | 46 | +91.7% |
4 Bedrooms | 28 | 27 | -3.6% |
5+ Bedrooms | 7 | 12 | +71.4% |
Summary: The Pittsfield Charter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 53.3%, 3 bedroom homes increased by 91.7%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 71.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 30 | +57.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Pittsfield Charter Township in April 2024, up by 57.9% month-over-month. Of the 30 sold homes, 17% were sold under asking, 13% were sold at asking, and 70% were sold over asking.
Days on Market for Pittsfield Charter Township, MI
How long does it take to sell a home in Pittsfield Charter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 33 Days | -24.3% |
Summary: Homes in Pittsfield Charter Township had an average of 33 days on market in Apr 2024, down by 24.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 30 homes were sold in Pittsfield Charter Township; 57% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.