Is Pierson 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, Pierson Township was a Buyer's Market.
Key Takeaway
Pierson Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Pierson Township, MI
How much do homes in Pierson Township, MI cost?
Median Sold Price
$294,900
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pierson Township have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Pierson Township was $294,900 in May 2024, up 5.3% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $100K | -53.5% |
| 2 Bedrooms | $145K | $162K | +11.7% |
| 3 Bedrooms | $288.7K | $285K | -1.3% |
| 4 Bedrooms | $280K | $300K | +7.1% |
| 5+ Bedrooms | $349K | $550K | +57.6% |
Summary: Pierson Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.5%, 2 bedroom homes increased by 11.7%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 57.6%.
Median Sold Price Compared To Nearby Cities
| Nelson Township | $260K | $294.9K | +13.4% |
| Pierson | $268.2K | $294.9K | +9.9% |
| Pierson Township | $280K | $294.9K | +5.3% |
| Howard City | $240K | $230K | -4.2% |
Housing Supply in Pierson Township, MI
How many homes are available in Pierson Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +85.7% |
Summary: The Pierson Township real estate market had 13 homes for sale in May 2024, a 85.7% 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 | 3 | +200.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Pierson 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 200%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pierson Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Pierson Township in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Pierson Township, MI
How long does it take to sell a home in Pierson Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 65 Days | +828.6% |
Summary: Homes in Pierson Township had an average of 65 days on market in May 2024, up by 828.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pierson Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Pierson Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
