$739 Closing Credit*
$62,225
1,200 SqFt
3 Beds
•1 Full Bath
#50161360, Michael Samborn, Listing Office: All Star Real Estate
Is Pinconning, 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, Pinconning was a Neutral Market.
Key Takeaway
Pinconning is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pinconning, MI
How much do homes in Pinconning, MI cost?
Median Sold Price
$153,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$1,000(-0.6%)
Key Takeaway
Homes in Pinconning have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in Pinconning was $153,000 in November 2024, down 0.6% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $115K | N/A |
| 2 Bedrooms | $154K | $105K | -31.8% |
| 3 Bedrooms | $141.2K | $160.9K | +13.9% |
| 4 Bedrooms | $256K | $210K | -18.0% |
| 5+ Bedrooms | $475K | - | N/A |
Summary: Pinconning 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 decreased by 31.8%, 3 bedroom homes increased by 13.9%, 4 bedroom homes decreased by 18%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Pinconning | $154K | $153K | -0.6% |
| Pinconning Township | $154K | $153K | -0.6% |
Housing Supply in Pinconning, MI
How many homes are available in Pinconning, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 19 | -34.5% |
Summary: The Pinconning real estate market had 19 homes for sale in November 2024, a 34.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 0 | -100.0% |
| 2 Bedrooms | 10 | 7 | -30.0% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Pinconning housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 30%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 7 | -50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pinconning, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Pinconning in November 2024, down by 50.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.
Days on Market for Pinconning, MI
How long does it take to sell a home in Pinconning, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 4 Days | 28 Days | +610.7% |
Summary: Homes in Pinconning had an average of 28 days on market in Nov 2024, up by 610.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pinconning are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Pinconning; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% 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.