$3,264 Closing Credit*
$274,900
960 SqFt
2 Beds
•1 Full Bath
Random Nelson Messeder, Listing Office: LIGHTHOUSE REALTY-Ludington
Is Pentwater, 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, Pentwater has remained a Seller's Market.
Key Takeaway
Pentwater is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pentwater, MI
How much do homes in Pentwater, MI cost?
Median Sold Price
$375,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+7.1%)
Key Takeaway
Homes in Pentwater have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Pentwater was $375,000 in October 2024, up 7.1% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $310K | +148.0% |
| 2 Bedrooms | $229.8K | $352.4K | +53.4% |
| 3 Bedrooms | $382K | $380K | -0.5% |
| 4 Bedrooms | $565K | $365K | -35.4% |
| 5+ Bedrooms | $1.2M | $1.3M | +2.6% |
Summary: Pentwater housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 148%, 2 bedroom homes increased by 53.4%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 35.4%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Pentwater | $350K | $375K | +7.1% |
| Pentwater Township | $350K | $375K | +7.1% |
Housing Supply in Pentwater, MI
How many homes are available in Pentwater, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 24 | -11.1% |
Summary: The Pentwater real estate market had 24 homes for sale in October 2024, a 11.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Pentwater housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was 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. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Pentwater in October 2024, down by 44.4% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 41 Days | +148.4% |
Summary: Homes in Pentwater had an average of 41 days on market in Oct 2024, up by 148.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pentwater are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Pentwater; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.