Is Pinckney, 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, Pinckney has remained a Seller's Market.
Housing Prices in Pinckney, MI
How much do homes in Pinckney, MI cost?
Median Sold Price
$375,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pinckney was $375,000 in April 2024, up 7.1% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $212.5K | $211.5K | -0.5% |
2 Bedrooms | $235K | $357.5K | +52.1% |
3 Bedrooms | $320K | $346.5K | +8.3% |
4 Bedrooms | $425K | $418K | -1.6% |
5+ Bedrooms | $489.9K | $515K | +5.1% |
Summary: Pinckney housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes increased by 52.1%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
Putnam Township | $307.5K | $340K | +10.6% |
Pinckney | $350K | $375K | +7.1% |
Housing Supply in Pinckney, MI
How many homes are available in Pinckney, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 71 | +20.3% |
Summary: The Pinckney real estate market had 71 homes for sale in April 2024, a 20.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 6 | +100.0% |
2 Bedrooms | 8 | 15 | +87.5% |
3 Bedrooms | 23 | 28 | +21.7% |
4 Bedrooms | 19 | 18 | -5.3% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Pinckney housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 87.5%, 3 bedroom homes increased by 21.7%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 13 | -27.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Pinckney in April 2024, down by 27.8% month-over-month. Of the 13 sold homes, 8% were sold under asking, 15% were sold at asking, and 77% were sold over asking.
Days on Market for Pinckney, MI
How long does it take to sell a home in Pinckney, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
85 Days | 11 Days | -86.3% |
Summary: Homes in Pinckney had an average of 11 days on market in Apr 2024, down by 86.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Pinckney; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.