$1,661 Closing Credit*
$139,900
1,176 SqFt
2 Beds
•1 Full Bath, 1 Partial
Kevin M Leavitt, Listing Office: CENTURY 21 Bayshore
Is Pentwater, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Pentwater was a Seller's Market.
Key Takeaway
Pentwater is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pentwater, MI
How much do homes in Pentwater, MI cost?
Median Sold Price
$375,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$47,500(-11.2%)
Key Takeaway
Homes in Pentwater have sold for 11.2% less than they did a year ago.
Summary: The median home sold price in Pentwater was $375,000 in November 2024, down 11.2% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182.5K | $310K | +69.9% |
| 2 Bedrooms | $315K | $352.4K | +11.9% |
| 3 Bedrooms | $425K | $375K | -11.8% |
| 4 Bedrooms | $700K | $377K | -46.1% |
| 5+ Bedrooms | $1.3M | $865K | -33.5% |
Summary: Pentwater housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 69.9%, 2 bedroom homes increased by 11.9%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 46.1%, and 5+ bedroom homes decreased by 33.5%.
Median Sold Price Compared To Nearby Cities
| Pentwater | $422.5K | $375K | -11.2% |
| Pentwater Township | $422.5K | $375K | -11.2% |
Housing Supply in Pentwater, MI
How many homes are available in Pentwater, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 16 | -23.8% |
Summary: The Pentwater real estate market had 16 homes for sale in November 2024, a 23.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 10 | 6 | -40.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Pentwater housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pentwater, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Pentwater in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Pentwater, MI
How long does it take to sell a home in Pentwater, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 59 Days | 145 Days | +142.5% |
Summary: Homes in Pentwater had an average of 145 days on market in Nov 2024, up by 142.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Pentwater are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 2 homes were sold in Pentwater; 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.