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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pokagon Township is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Pokagon Township was a Seller's Market.

Key Takeaway

Pokagon Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Pokagon Township, MI

How much do homes in Pokagon Township, MI cost?

Median Sold Price

$247,450

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$44,450(+21.9%)

Key Takeaway

Homes in Pokagon Township have sold for 21.9% more than they did a year ago.

Summary: The median home sold price in Pokagon Township was $247,450 in October 2024, up 21.9% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $121.9K$80K
-34.4%
3 $203K$247.4K
+21.9%
4 $250K$390K
+56.0%
5+ $252K$291K
+15.5%

Summary: Pokagon 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 34.4%, 3 bedroom homes increased by 21.9%, 4 bedroom homes increased by 56%, and 5+ bedroom homes increased by 15.5%.

Median Sold Price Compared To Nearby Cities

Pokagon Township
+21.9%
Dowagiac
+15.6%
Silver Creek Township
-13.1%

Housing Supply in Pokagon Township, MI

How many homes are available in Pokagon Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
880.0%

Summary: The Pokagon Township real estate market had 8 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 33
0.0%
4 22
0.0%
5+ 22
0.0%

Summary: The Pokagon 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pokagon Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Pokagon Township in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Pokagon Township, MI

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

Average Sale Time

Oct 2023Oct 2024CHANGE
5 Days51 Days+920.0%

Summary: Homes in Pokagon Township had an average of 51 days on market in Oct 2024, up by 920% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pokagon Township has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Pokagon Township; 0% of homes were sold within 30 days, 100% 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 16 Days Ago

Newest Listings in Pokagon Township, MI

Nearby Markets to Pokagon Township, MI

What housing markets are near Pokagon Township, MI?