Is Pinconning Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pinconning Township is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Pinconning Township was a Neutral Market.

Key Takeaway

Pinconning Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pinconning Township, MI

How much do homes in Pinconning Township, 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 Township have sold for 0.6% less than they did a year ago.

Summary: The median home sold price in Pinconning Township 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

# BEDSNov 2023Nov 2024CHANGE
1 -$115K
N/A
2 $154K$105K
-31.8%
3 $141.2K$160.9K
+13.9%
4 $256K$210K
-18.0%
5+ $475K-
N/A

Summary: Pinconning Township 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

Lincoln Township
+7.4%
Pinconning Township
-0.6%
Pinconning
-0.6%
Fraser Township
-2.5%

Housing Supply in Pinconning Township, MI

How many homes are available in Pinconning Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2919-34.5%

Summary: The Pinconning Township 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

# BEDSOct 2024Nov 2024CHANGE
1 30
-100.0%
2 107
-30.0%
3 1310
-23.1%
4 21
-50.0%
5+ 11
0.0%

Summary: The Pinconning Township 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 2024Nov 2024CHANGE
147-50.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pinconning Township, 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 Township 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 Township, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
4 Days28 Days+610.7%

Summary: Homes in Pinconning Township 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 7 homes were sold in Pinconning Township; 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.

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

Report Updated 21 Days Ago

Newest Listings in Pinconning Township, MI

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