$3,206 Closing Credit*
$270,000
1,524 SqFt
3 Beds
•2 Baths
Talia M Champlin, Listing Office: RE/MAX Perrett Associates
Is Pennfield Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Pennfield Charter Township has remained a Seller's Market.
Key Takeaway
Pennfield Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pennfield Charter Township, MI
How much do homes in Pennfield Charter Township, MI cost?
Median Sold Price
$215,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,000(+1.4%)
Key Takeaway
Homes in Pennfield Charter Township have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Pennfield Charter Township was $215,000 in October 2024, up 1.4% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $79K | $86K | +8.9% |
| 2 Bedrooms | $160K | $145K | -9.4% |
| 3 Bedrooms | $198K | $205K | +3.5% |
| 4 Bedrooms | $290K | $315.5K | +8.8% |
| 5+ Bedrooms | $454.5K | $352.9K | -22.3% |
Summary: Pennfield Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 22.3%.
Median Sold Price Compared To Nearby Cities
| Bedford Charter Township | $156.5K | $188.9K | +20.7% |
| Battle Creek | $160K | $179.9K | +12.4% |
| Pennfield Charter Township | $212K | $215K | +1.4% |
| Convis Township | $303K | $270K | -10.9% |
Housing Supply in Pennfield Charter Township, MI
How many homes are available in Pennfield Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 31 | -18.4% |
Summary: The Pennfield Charter Township real estate market had 31 homes for sale in October 2024, a 18.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Pennfield Charter Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 6 | -53.8% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pennfield Charter Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Pennfield Charter Township in October 2024, down by 53.8% month-over-month. Of the 6 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Pennfield Charter Township, MI
How long does it take to sell a home in Pennfield Charter Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 30 Days | +19.5% |
Summary: Homes in Pennfield Charter Township had an average of 30 days on market in Oct 2024, up by 19.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pennfield Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Pennfield Charter Township; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.