Is Pinconning 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, Pinconning Township was a Seller's Market.
Housing Prices in Pinconning Township, MI
How much do homes in Pinconning Township, MI cost?
Median Sold Price
$156,000
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pinconning Township was $156,000 in May 2024, up 8.5% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $105K | $110.5K | +5.2% |
3 Bedrooms | $143.7K | $159.9K | +11.2% |
4 Bedrooms | $181.7K | $156K | -14.1% |
5+ Bedrooms | $15K | $475K | +3066.7% |
Summary: Pinconning 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 5.2%, 3 bedroom homes increased by 11.2%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes increased by 3066.7%.
Median Sold Price Compared To Nearby Cities
Standish Township | $136K | $190K | +39.7% |
Lincoln Township | $139.9K | $160K | +14.4% |
Pinconning Township | $143.7K | $156K | +8.5% |
Pinconning | $143.7K | $156K | +8.5% |
Fraser Township | $211.7K | $212K | 0.1% |
Housing Supply in Pinconning Township, MI
How many homes are available in Pinconning Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 18 | +50.0% |
Summary: The Pinconning Township real estate market had 18 homes for sale in May 2024, a 50.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 8 | 12 | +50.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pinconning Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Pinconning Township in May 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Pinconning Township, MI
How long does it take to sell a home in Pinconning Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
72 Days | 129 Days | +79.2% |
Summary: Homes in Pinconning Township had an average of 129 days on market in May 2024, up by 79.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Pinconning Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.