Is Pavilion Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Pavilion Township has remained a Seller's Market.
Key Takeaway
Pavilion Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pavilion Township, MI
How much do homes in Pavilion Township, MI cost?
Median Sold Price
$305,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Pavilion Township have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Pavilion Township was $305,000 in March 2024, up 11.9% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $155K | N/A |
| 2 Bedrooms | $150K | $294.2K | +96.2% |
| 3 Bedrooms | $262.4K | $296.9K | +13.1% |
| 4 Bedrooms | $273.7K | $325K | +18.7% |
| 5+ Bedrooms | $749.9K | $441.2K | -41.2% |
Summary: Pavilion Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 96.2%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes decreased by 41.2%.
Median Sold Price Compared To Nearby Cities
| Comstock Charter Township | $235K | $269.9K | +14.9% |
| Pavilion Township | $272.5K | $305K | +11.9% |
| Scotts | $299K | $309.2K | +3.4% |
| Brady Township | $245K | $249.9K | +2.0% |
Housing Supply in Pavilion Township, MI
How many homes are available in Pavilion Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Summary: The Pavilion Township real estate market had 17 homes for sale in March 2024, a 30.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pavilion Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 8 | +700.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 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. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Pavilion Township in March 2024, up by 700.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 1 Day | 21 Days | +2087.5% |
Summary: Homes in Pavilion Township had an average of 21 days on market in Mar 2024, up by 2087.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pavilion Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Pavilion Township; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
