Is Pennfield Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Pennfield Charter Township has remained a Seller's Market.
Housing Prices in Pennfield Charter Township, MI
How much do homes in Pennfield Charter Township, MI cost?
Median Sold Price
$215,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pennfield Charter Township was $215,000 in April 2024, up 13.1% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55K | $86K | +56.4% |
2 Bedrooms | $138.9K | $167K | +20.2% |
3 Bedrooms | $180K | $200K | +11.1% |
4 Bedrooms | $214K | $334.7K | +56.4% |
5+ Bedrooms | $464K | $362.5K | -21.9% |
Summary: Pennfield Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.4%, 2 bedroom homes increased by 20.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 56.4%, and 5+ bedroom homes decreased by 21.9%.
Median Sold Price Compared To Nearby Cities
Bedford Charter Township | $154.5K | $197.4K | +27.8% |
Battle Creek | $154.5K | $174.9K | +13.2% |
Pennfield Charter Township | $190K | $215K | +13.1% |
Housing Supply in Pennfield Charter Township, MI
How many homes are available in Pennfield Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 33 | 0.0% |
Summary: The Pennfield Charter Township real estate market had 33 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 14 | 17 | +21.4% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Pennfield Charter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 8 | -27.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Pennfield Charter Township in April 2024, down by 27.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Pennfield Charter Township, MI
How long does it take to sell a home in Pennfield Charter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 30 Days | +55.3% |
Summary: Homes in Pennfield Charter Township had an average of 30 days on market in Apr 2024, up by 55.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Pennfield Charter Township; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.