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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pinora Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Pinora Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in Pinora Township, MI

How much do homes in Pinora Township, MI cost?

Median Sold Price

$165,000

$126/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$16,000(+10.7%)

Key Takeaway

Homes in Pinora Township have sold for 10.7% more than they did a month ago.

Summary: The median home sold price in Pinora Township was $165,000 in December 2024, up 10.7% from last month, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $149K$139.2K
-6.5%
3 -$165K
N/A
4 --
N/A
5+ --
N/A

Summary: Pinora 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 decreased by 6.5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Chase
+28.2%
Pinora Township
+10.7%
Chase Township
+7.0%
Cherry Valley Township
-31.5%

Housing Supply in Pinora Township, MI

How many homes are available in Pinora Township, MI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
86-25.0%

Summary: The Pinora Township real estate market had 6 homes for sale in December 2024, a 25.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 44
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Pinora 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pinora Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Pinora Township in December 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Pinora Township, MI

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

Average Sale Time

Nov 2024Dec 2024CHANGE
6 Days48 Days+705.6%

Summary: Homes in Pinora Township had an average of 48 days on market in Dec 2024, up by 705.6% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 3 homes were sold in Pinora Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 6 Days Ago

Newest Listings in Pinora Township, MI

Nearby Markets to Pinora Township, MI