Is Perrinton, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Perrinton is a neutral's market

Buyer's
Market

Difference Since November 2023

Since last year, Perrinton has remained a Neutral Market.

Key Takeaway

Perrinton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Perrinton, MI

How much do homes in Perrinton, MI cost?

Median Sold Price

$290,500

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$28,500(-8.9%)

Key Takeaway

Homes in Perrinton have sold for 8.9% less than they did a year ago.

Summary: The median home sold price in Perrinton was $290,500 in November 2024, down 8.9% from last year, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$133K
N/A
2 $172.5K$205K
+18.8%
3 $319K$225K
-29.5%
4 $455K$329K
-27.7%
5+ $229.7K$338.7K
+47.5%

Summary: Perrinton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.8%, 3 bedroom homes decreased by 29.5%, 4 bedroom homes decreased by 27.7%, and 5+ bedroom homes increased by 47.5%.

Median Sold Price Compared To Nearby Cities

Fulton Township
+15.6%
Perrinton
-8.9%

Housing Supply in Perrinton, MI

How many homes are available in Perrinton, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1112+9.1%

Summary: The Perrinton real estate market had 12 homes for sale in November 2024, a 9.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 44
0.0%
4 77
0.0%
5+ 00
0.0%

Summary: The Perrinton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Perrinton, 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 Perrinton in November 2024, up by 100.0% 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 Perrinton, MI

How long does it take to sell a home in Perrinton, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
45 Days37 Days-16.7%

Summary: Homes in Perrinton had an average of 37 days on market in Nov 2024, down by 16.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Perrinton are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Perrinton; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Perrinton, MI

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