Is Pinconning Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Pinconning Township was a Buyer's Market.
Housing Prices in Pinconning Township, MI
How much do homes in Pinconning Township, MI cost?
Median Sold Price
$159,900
$103/sqft
Based on all homes sold in February 2024.
Difference Since Last Month
Summary: The median home sold price in Pinconning Township was $159,900 in February 2024, up 31.1% from last month, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $64K | N/A |
3 Bedrooms | $122K | $159.9K | +31.1% |
4 Bedrooms | - | $406K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Pinconning Township housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 31.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Pinconning Township, MI
How many homes are available in Pinconning Township, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 18 | +38.5% |
Summary: The Pinconning Township real estate market had 18 homes for sale in February 2024, a 38.5% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 5 | 7 | +40.0% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pinconning Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1 | 5 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Pinconning Township in February 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Pinconning Township, MI
How long does it take to sell a home in Pinconning Township, MI?
Average Sale Time
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
15 Days | 50 Days | +237.3% |
Summary: Homes in Pinconning Township had an average of 50 days on market in Feb 2024, up by 237.3% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 5 homes were sold in Pinconning Township; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.