Is Pentwater, 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, Pentwater has remained a Seller's Market.
Housing Prices in Pentwater, MI
How much do homes in Pentwater, MI cost?
Median Sold Price
$389,000
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pentwater was $389,000 in April 2024, up 30.1% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $240K | +140.0% |
2 Bedrooms | $268.5K | $371.2K | +38.3% |
3 Bedrooms | $320K | $375K | +17.2% |
4 Bedrooms | $450K | $409.5K | -9.0% |
5+ Bedrooms | $751K | $1.2M | +64.4% |
Summary: Pentwater housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 140%, 2 bedroom homes increased by 38.3%, 3 bedroom homes increased by 17.2%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes increased by 64.4%.
Median Sold Price Compared To Nearby Cities
Pentwater | $299K | $389K | +30.1% |
Pentwater Township | $309.5K | $389K | +25.7% |
Housing Supply in Pentwater, MI
How many homes are available in Pentwater, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 17 | +41.7% |
Summary: The Pentwater real estate market had 17 homes for sale in April 2024, a 41.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Pentwater housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 5 | +400.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Pentwater in April 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Pentwater, MI
How long does it take to sell a home in Pentwater, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
112 Days | 53 Days | -52.1% |
Summary: Homes in Pentwater had an average of 53 days on market in Apr 2024, down by 52.1% compared to last year.
Breakdown of Home Sale Times
4 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, 5 homes were sold in Pentwater; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.