Is Pokagon 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, Pokagon Township was a Seller's Market.
Key Takeaway
Pokagon Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pokagon Township, MI
How much do homes in Pokagon Township, MI cost?
Median Sold Price
$189,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pokagon Township have sold for 11.3% less than they did a year ago.
Summary: The median home sold price in Pokagon Township was $189,000 in May 2024, down 11.3% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $97.5K | - | N/A |
| 2 Bedrooms | $95K | $148.9K | +56.7% |
| 3 Bedrooms | $203K | $269K | +32.5% |
| 4 Bedrooms | $285K | $336.5K | +18.1% |
| 5+ Bedrooms | $252K | $189K | -25.0% |
Summary: Pokagon 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 56.7%, 3 bedroom homes increased by 32.5%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes decreased by 25%.
Median Sold Price Compared To Nearby Cities
| Silver Creek Township | $310K | $360K | +16.1% |
| LaGrange Township | $192.9K | $205K | +6.2% |
| Dowagiac | $169.7K | $180K | +6.0% |
| Pokagon Township | $213K | $189K | -11.3% |
Housing Supply in Pokagon Township, MI
How many homes are available in Pokagon Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Summary: The Pokagon Township real estate market had 10 homes for sale in May 2024, a 25.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Pokagon 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pokagon Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Pokagon Township in May 2024, up by 100.0% 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 Pokagon Township, MI
How long does it take to sell a home in Pokagon Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 4 Days | -86.2% |
Summary: Homes in Pokagon Township had an average of 4 days on market in May 2024, down by 86.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pokagon Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Pokagon Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
