Is Pinckney, 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, Pinckney has remained a Seller's Market.
Housing Prices in Pinckney, MI
How much do homes in Pinckney, MI cost?
Median Sold Price
$377,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pinckney was $377,000 in March 2024, up 10.2% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $212.5K | $211.5K | -0.5% |
2 Bedrooms | $230K | $341K | +48.3% |
3 Bedrooms | $319K | $350K | +9.7% |
4 Bedrooms | $420K | $425K | +1.2% |
5+ Bedrooms | $519.9K | $472.5K | -9.1% |
Summary: Pinckney housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes increased by 48.3%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 9.1%.
Median Sold Price Compared To Nearby Cities
Pinckney | $342K | $377K | +10.2% |
Putnam Township | $310K | $340K | +9.7% |
Housing Supply in Pinckney, MI
How many homes are available in Pinckney, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 57 | +3.6% |
Summary: The Pinckney real estate market had 57 homes for sale in March 2024, a 3.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 3 | 7 | +133.3% |
3 Bedrooms | 22 | 23 | +4.5% |
4 Bedrooms | 23 | 18 | -21.7% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Pinckney housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 133.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 16 | +14.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Pinckney in March 2024, up by 14.3% month-over-month. Of the 16 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Pinckney, MI
How long does it take to sell a home in Pinckney, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
76 Days | 27 Days | -63.9% |
Summary: Homes in Pinckney had an average of 27 days on market in Mar 2024, down by 63.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Pinckney; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.