$274,900
3.16 Acres
Land
Melody Stirk, Listing Office: Strong Properties, LLC
Is Pine Grove 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, Pine Grove Township has remained a Seller's Market.
Key Takeaway
Pine Grove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pine Grove Township, MI
How much do homes in Pine Grove Township, MI cost?
Median Sold Price
$247,500
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,550(+1.0%)
Key Takeaway
Homes in Pine Grove Township have sold for 1% more than they did a year ago.
Summary: The median home sold price in Pine Grove Township was $247,500 in October 2024, up 1% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | - | N/A |
| 2 Bedrooms | $330K | $188.7K | -42.8% |
| 3 Bedrooms | $185K | $188K | +1.6% |
| 4 Bedrooms | $275K | $279.9K | +1.8% |
| 5+ Bedrooms | $560K | $281.7K | -49.7% |
Summary: Pine Grove 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 42.8%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 49.7%.
Median Sold Price Compared To Nearby Cities
| Alamo Township | $300K | $432.5K | +44.2% |
| Trowbridge Township | $254.9K | $289.9K | +13.7% |
| Otsego Township | $234.9K | $255K | +8.5% |
| Pine Grove Township | $244.9K | $247.5K | +1.0% |
| Gobles | $240K | $230K | -4.2% |
Housing Supply in Pine Grove Township, MI
How many homes are available in Pine Grove Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Summary: The Pine Grove Township real estate market had 12 homes for sale in October 2024, a 33.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Pine Grove 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 28.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pine Grove Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Pine Grove Township in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Pine Grove Township, MI
How long does it take to sell a home in Pine Grove Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 22 Days | +203.4% |
Summary: Homes in Pine Grove Township had an average of 22 days on market in Oct 2024, up by 203.4% compared to last year.
Breakdown of Home Sale Times
3 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 Pine Grove Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Pine Grove Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
