Is Pittsford, 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, Pittsford has remained a Seller's Market.
Key Takeaway
Pittsford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pittsford, MI
How much do homes in Pittsford, MI cost?
Median Sold Price
$173,500
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Pittsford has remained the same since last year.
Summary: The median home sold price in Pittsford was $173,500 in May 2024, up 0.3% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $63.7K | $126K | +97.6% |
| 3 Bedrooms | $197K | $143K | -27.4% |
| 4 Bedrooms | $132K | $152K | +15.2% |
| 5+ Bedrooms | $370K | $404.9K | +9.4% |
Summary: Pittsford 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 97.6%, 3 bedroom homes decreased by 27.4%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Cities
| Pittsford | $173K | $173.5K | 0.3% |
| Pittsford Township | $173K | $173.5K | 0.3% |
| Jefferson Township | $200K | $184K | -8.0% |
Housing Supply in Pittsford, MI
How many homes are available in Pittsford, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 15 | +50.0% |
Summary: The Pittsford real estate market had 15 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Pittsford 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 increased by 100%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pittsford, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Pittsford in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Pittsford, MI
How long does it take to sell a home in Pittsford, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 292 Days | 53 Days | -81.9% |
Summary: Homes in Pittsford had an average of 53 days on market in May 2024, down by 81.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pittsford are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Pittsford; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
