$7,005 Closing Credit*
$589,900
2,892 SqFt
4 Beds
•2 Full Baths
Aleksandr Milshteyn, Dawn Yerkes, Listing Office: Coldwell Banker Realty
Is Pittsfield Charter 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, Pittsfield Charter Township has remained a Seller's Market.
Key Takeaway
Pittsfield Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pittsfield Charter Township, MI
How much do homes in Pittsfield Charter Township, MI cost?
Median Sold Price
$462,500
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,500(+5.1%)
Key Takeaway
Homes in Pittsfield Charter Township have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Pittsfield Charter Township was $462,500 in October 2024, up 5.1% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $110K | N/A |
| 2 Bedrooms | $276K | $280K | +1.4% |
| 3 Bedrooms | $409K | $452K | +10.5% |
| 4 Bedrooms | $551.5K | $542.4K | -1.6% |
| 5+ Bedrooms | $687.4K | $812.4K | +18.2% |
Summary: Pittsfield Charter 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 increased by 1.4%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 18.2%.
Median Sold Price Compared To Nearby Cities
| Pittsfield Charter Township | $440K | $462.5K | +5.1% |
| Ann Arbor | $479.8K | $500.1K | +4.2% |
| Ann Arbor Charter Township | $480.1K | $500K | +4.1% |
| Saline | $419.9K | $437K | +4.1% |
| Ypsilanti Charter Township | $270.7K | $280.1K | +3.5% |
Housing Supply in Pittsfield Charter Township, MI
How many homes are available in Pittsfield Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 68 | 87 | +27.9% |
Summary: The Pittsfield Charter Township real estate market had 87 homes for sale in October 2024, a 27.9% 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 | 14 | 18 | +28.6% |
| 3 Bedrooms | 24 | 31 | +29.2% |
| 4 Bedrooms | 23 | 28 | +21.7% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Pittsfield Charter 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 increased by 28.6%, 3 bedroom homes increased by 29.2%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 23 | +53.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pittsfield Charter Township, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Pittsfield Charter Township in October 2024, up by 53.3% month-over-month. Of the 23 sold homes, 52% were sold under asking, 9% were sold at asking, and 39% were sold over asking.
Days on Market for Pittsfield Charter Township, MI
How long does it take to sell a home in Pittsfield Charter Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 45 Days | +1.0% |
Summary: Homes in Pittsfield Charter Township had an average of 45 days on market in Oct 2024, up by 1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pittsfield Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in Pittsfield Charter Township; 57% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
