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 neutral's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

Pinconning Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Pinconning Township, MI

How much do homes in Pinconning Township, MI cost?

Median Sold Price

$160,000

$117/sqft

Based on all homes sold in November 2023.

Difference Since Last Month

+$45,000(+39.1%)

Key Takeaway

Homes in Pinconning Township have sold for 39.1% more than they did a month ago.

Summary: The median home sold price in Pinconning Township was $160,000 in November 2023, up 39.1% from last month, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 --
N/A
2 -$130K
N/A
3 $115K$190K
+65.2%
4 --
N/A
5+ --
N/A

Summary: Pinconning Township housing prices by bedroom type for November 2023 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 65.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Pinconning Township
+39.1%
Lincoln Township
+38.7%
Fraser Township
-22.8%

Housing Supply in Pinconning Township, MI

How many homes are available in Pinconning Township, MI?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
1112+9.1%

Summary: The Pinconning Township real estate market had 12 homes for sale in November 2023, a 9.1% increase compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 00
0.0%
2 33
0.0%
3 66
0.0%
4 23
+50.0%
5+ 00
0.0%

Summary: The Pinconning Township housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pinconning Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Pinconning Township in November 2023, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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

Oct 2023Nov 2023CHANGE
24 Days3 Days-85.4%

Summary: Homes in Pinconning Township had an average of 3 days on market in Nov 2023, down by 85.4% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 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 November 2023, 2 homes were sold in Pinconning Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 6 Days Ago

Newest Listings in Pinconning Township, MI

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