$1,781 Closing Credit*
$150,000
1,144 SqFt
3 Beds
•2 Full Baths
Jacinta A VanAsperen, Listing Office: Berkshire Hathaway HomeServices Michigan Real Estate
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 November 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
$220,000
$127/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in Pennfield Charter Township has remained the same since last year.
Summary: The median home sold price in Pennfield Charter Township was $220,000 in November 2024, the same as last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $79K | $86K | +8.9% |
| 2 Bedrooms | $171K | $145K | -15.2% |
| 3 Bedrooms | $200K | $220K | +10.0% |
| 4 Bedrooms | $292.5K | $309.9K | +5.9% |
| 5+ Bedrooms | $464K | $355K | -23.5% |
Summary: Pennfield Charter Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes decreased by 15.2%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 23.5%.
Median Sold Price Compared To Nearby Cities
| Battle Creek | $166K | $180K | +8.4% |
| Bedford Charter Township | $175.9K | $188K | +6.9% |
| Pennfield Charter Township | $220K | $220K | 0.0% |
| Assyria Township | $306K | $260K | -15.0% |
Housing Supply in Pennfield Charter Township, MI
How many homes are available in Pennfield Charter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 36 | +9.1% |
Summary: The Pennfield Charter Township real estate market had 36 homes for sale in November 2024, a 9.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Pennfield Charter Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pennfield Charter Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Pennfield Charter Township in November 2024, up by 12.5% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 69 Days | 13 Days | -80.1% |
Summary: Homes in Pennfield Charter Township had an average of 13 days on market in Nov 2024, down by 80.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were 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 November 2024, 9 homes were sold in Pennfield Charter Township; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
