Is Pittsfield Charter Township, 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, Pittsfield Charter Township has remained a Seller's Market.
Housing Prices in Pittsfield Charter Township, MI
How much do homes in Pittsfield Charter Township, MI cost?
Median Sold Price
$446,500
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pittsfield Charter Township was $446,500 in March 2024, up 3.8% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $117.3K | $110K | -6.3% |
2 Bedrooms | $259K | $275.5K | +6.4% |
3 Bedrooms | $388.5K | $425.5K | +9.5% |
4 Bedrooms | $561.5K | $542.5K | -3.4% |
5+ Bedrooms | $650K | $699.9K | +7.7% |
Summary: Pittsfield Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
Ann Arbor | $449.3K | $490K | +9.0% |
Ann Arbor Charter Township | $454.7K | $490K | +7.8% |
Pittsfield Charter Township | $430K | $446.5K | +3.8% |
Ypsilanti Charter Township | $265K | $274K | +3.4% |
Saline | $449.5K | $408.3K | -9.2% |
Housing Supply in Pittsfield Charter Township, MI
How many homes are available in Pittsfield Charter Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
66 | 72 | +9.1% |
Summary: The Pittsfield Charter Township real estate market had 72 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 15 | -6.3% |
3 Bedrooms | 23 | 21 | -8.7% |
4 Bedrooms | 22 | 28 | +27.3% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Pittsfield Charter Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 17 | -15.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Pittsfield Charter Township in March 2024, down by 15.0% month-over-month. Of the 17 sold homes, 12% were sold under asking, 18% were sold at asking, and 71% were sold over asking.
Days on Market for Pittsfield Charter Township, MI
How long does it take to sell a home in Pittsfield Charter Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
61 Days | 31 Days | -48.1% |
Summary: Homes in Pittsfield Charter Township had an average of 31 days on market in Mar 2024, down by 48.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Pittsfield Charter Township; 65% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.