Is White Pigeon, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing White Pigeon is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, White Pigeon has remained a Seller's Market.

Key Takeaway

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

Housing Prices in White Pigeon, MI

How much do homes in White Pigeon, MI cost?

Median Sold Price

$225,000

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$61,000(+37.2%)

Key Takeaway

Homes in White Pigeon have sold for 37.2% more than they did a year ago.

Summary: The median home sold price in White Pigeon was $225,000 in February 2024, up 37.2% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $55K$185K
+236.4%
2 $119K$150.5K
+26.5%
3 $155K$188K
+21.3%
4 $255K$356.5K
+39.8%
5+ $349K$650K
+86.2%

Summary: White Pigeon housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 236.4%, 2 bedroom homes increased by 26.5%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 39.8%, and 5+ bedroom homes increased by 86.2%.

Median Sold Price Compared To Nearby Cities

White Pigeon
+37.2%
White Pigeon Township
+4.7%

Housing Supply in White Pigeon, MI

How many homes are available in White Pigeon, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1415+7.1%

Summary: The White Pigeon real estate market had 15 homes for sale in February 2024, a 7.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 33
0.0%
3 36
+100.0%
4 64
-33.3%
5+ 22
0.0%

Summary: The White Pigeon 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 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 White Pigeon, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in White Pigeon in February 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for White Pigeon, MI

How long does it take to sell a home in White Pigeon, MI?

Breakdown of Home Sale Times

0 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

Most homes in White Pigeon are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 3 homes were sold in White Pigeon; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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

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