Is Pershing, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Pershing was a Seller's Market.
Housing Prices in Pershing, MI
How much do homes in Pershing, MI cost?
Median Sold Price
$54,000
$52/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pershing was $54,000 in April 2024, up 10.8% from last year, and the median price per square foot was $52.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $37K | $38.7K | +4.7% |
3 Bedrooms | $50K | $55K | +10.0% |
4 Bedrooms | $74K | $56.4K | -23.7% |
5+ Bedrooms | $33.2K | $81K | +143.6% |
Summary: Pershing 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 4.7%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 23.7%, and 5+ bedroom homes increased by 143.6%.
Median Sold Price Compared To Nearby Neighborhoods
Pershing | $48.7K | $54K | +10.8% |
North East | $50K | $55.2K | +10.4% |
Grant | $55K | $59.6K | +8.4% |
Housing Supply in Pershing, MI
How many homes are available in Pershing, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 73 | +5.8% |
Summary: The Pershing real estate market had 73 homes for sale in April 2024, a 5.8% 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 | 12 | 14 | +16.7% |
3 Bedrooms | 48 | 51 | +6.3% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Pershing 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 16.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 7 | -36.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Pershing in April 2024, down by 36.4% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Pershing, MI
How long does it take to sell a home in Pershing, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
7 Days | 20 Days | +193.9% |
Summary: Homes in Pershing had an average of 20 days on market in Apr 2024, up by 193.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Pershing; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.