Is Perrinton, 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, Perrinton has remained a Seller's Market.
Key Takeaway
Perrinton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Perrinton, MI
How much do homes in Perrinton, MI cost?
Median Sold Price
$325,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Perrinton have sold for 30% more than they did a year ago.
Summary: The median home sold price in Perrinton was $325,000 in April 2024, up 30% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $133K | N/A |
| 2 Bedrooms | $110K | $172.5K | +56.8% |
| 3 Bedrooms | $240K | $319K | +32.9% |
| 4 Bedrooms | $250K | $420K | +68.0% |
| 5+ Bedrooms | $325K | $135K | -58.5% |
Summary: Perrinton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 56.8%, 3 bedroom homes increased by 32.9%, 4 bedroom homes increased by 68%, and 5+ bedroom homes decreased by 58.5%.
Median Sold Price Compared To Nearby Cities
| Fulton Township | $225K | $312K | +38.7% |
| Perrinton | $250K | $325K | +30.0% |
Housing Supply in Perrinton, MI
How many homes are available in Perrinton, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Summary: The Perrinton real estate market had 7 homes for sale in April 2024, a 133.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 4 | +300.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Perrinton 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 remained the same, 3 bedroom homes increased by 300%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Perrinton, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Perrinton in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Perrinton, MI
How long does it take to sell a home in Perrinton, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 162 Days | 77 Days | -52.5% |
Summary: Homes in Perrinton had an average of 77 days on market in Apr 2024, down by 52.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Perrinton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Perrinton; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.