Is Pinconning Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pinconning Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Pinconning Township was a Buyer's Market.

Key Takeaway

Pinconning Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$37,900(+31.1%)

Key Takeaway

Homes in Pinconning Township have sold for 31.1% more than they did a month ago.

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

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 -$64K
N/A
3 $122K$159.9K
+31.1%
4 -$406K
N/A
5+ --
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 2024Feb 2024CHANGE
1318+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 57
+40.0%
4 45
+25.0%
5+ 00
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 2024Feb 2024CHANGE
15+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pinconning Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.

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 2024Feb 2024CHANGE
15 Days50 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pinconning Township are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Pinconning Township, MI

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