Is Pavilion Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Pavilion Township was a Seller's Market.
Housing Prices in Pavilion Township, MI
How much do homes in Pavilion Township, MI cost?
Median Sold Price
$325,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pavilion Township was $325,000 in May 2024, up 19.3% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $155K | N/A |
2 Bedrooms | $224.5K | $297.5K | +32.5% |
3 Bedrooms | $268.7K | $300.7K | +11.9% |
4 Bedrooms | $272.5K | $337.5K | +23.9% |
5+ Bedrooms | $814.9K | $478.1K | -41.3% |
Summary: Pavilion Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.5%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 23.9%, and 5+ bedroom homes decreased by 41.3%.
Median Sold Price Compared To Nearby Cities
Pavilion Township | $272.5K | $325K | +19.3% |
Climax Township | $224.9K | $251.2K | +11.7% |
Scotts | $298K | $326K | +9.4% |
Comstock Charter Township | $244.6K | $265K | +8.3% |
Brady Township | $235.1K | $235.5K | 0.2% |
Housing Supply in Pavilion Township, MI
How many homes are available in Pavilion Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 15 | +36.4% |
Summary: The Pavilion Township real estate market had 15 homes for sale in May 2024, a 36.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 5 | 7 | +40.0% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Pavilion Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Pavilion Township in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Pavilion Township, MI
How long does it take to sell a home in Pavilion Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
1 Days | 36 Days | +2000.0% |
Summary: Homes in Pavilion Township had an average of 36 days on market in May 2024, up by 2000% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Pavilion Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.