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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pine River Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Pine River Township was a Buyer's Market.

Key Takeaway

Pine River Township 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 Pine River Township, MI

How much do homes in Pine River Township, MI cost?

Median Sold Price

$343,500

$175/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$282,250(+460.8%)

Key Takeaway

Homes in Pine River Township have sold for 460.8% more than they did a month ago.

Summary: The median home sold price in Pine River Township was $343,500 in December 2024, up 460.8% from last month, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $61.2K$92K
+50.2%
4 -$595K
N/A
5+ --
N/A

Summary: Pine River Township housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 50.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Pine River Township
+460.8%
Coe Township
+121.5%
Bethany Township
-54.3%

Housing Supply in Pine River Township, MI

How many homes are available in Pine River Township, MI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1413-7.1%

Summary: The Pine River Township real estate market had 13 homes for sale in December 2024, a 7.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 86
-25.0%
4 33
0.0%
5+ 11
0.0%

Summary: The Pine River Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
220.0%

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 Pine River Township, 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 Pine River Township in December 2024, the same as the previous 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 Pine River Township, MI

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

Average Sale Time

Nov 2024Dec 2024CHANGE
57 Days254 Days+346.5%

Summary: Homes in Pine River Township had an average of 254 days on market in Dec 2024, up by 346.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Pine River Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 2 homes were sold in Pine River Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 2 Days Ago

Newest Listings in Pine River Township, MI

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