$2,968 Closing Credit*
$249,900
1,120 SqFt
2 Beds
•2 Full Baths
Bob Budreau, Listing Office: GREENRIDGE Realty-Ludington
Is Pere Marquette 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, Pere Marquette Charter Township has remained a Seller's Market.
Key Takeaway
Pere Marquette Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pere Marquette Charter Township, MI
How much do homes in Pere Marquette Charter Township, MI cost?
Median Sold Price
$349,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$61,100(+21.2%)
Key Takeaway
Homes in Pere Marquette Charter Township have sold for 21.2% more than they did a year ago.
Summary: The median home sold price in Pere Marquette Charter Township was $349,000 in October 2024, up 21.2% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $276K | $232.5K | -15.8% |
| 3 Bedrooms | $200K | $257.5K | +28.7% |
| 4 Bedrooms | $324K | $375K | +15.7% |
| 5+ Bedrooms | $565K | $509.5K | -9.8% |
Summary: Pere Marquette Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.8%, 3 bedroom homes increased by 28.7%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes decreased by 9.8%.
Median Sold Price Compared To Nearby Cities
| Pere Marquette Charter Township | $287.9K | $349K | +21.2% |
| Ludington | $278K | $295K | +6.1% |
| Hamlin Township | $350K | $365.4K | +4.4% |
Housing Supply in Pere Marquette Charter Township, MI
How many homes are available in Pere Marquette Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Summary: The Pere Marquette Charter Township real estate market had 15 homes for sale in October 2024, a 25.0% increase 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Pere Marquette 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 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 Pere Marquette 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 3 homes were sold or pending in Pere Marquette Charter Township in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Pere Marquette Charter Township, MI
How long does it take to sell a home in Pere Marquette Charter Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 15 Days | -43.4% |
Summary: Homes in Pere Marquette Charter Township had an average of 15 days on market in Oct 2024, down by 43.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pere Marquette Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Pere Marquette Charter Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
