$1,383 Closing Credit*
$116,500
692 SqFt
2 Beds
•1 Full Bath
Roxana Yeh, Listing Office: 3DX Real Estate, LLC.
Is Pontiac, 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, Pontiac has remained a Seller's Market.
Key Takeaway
Pontiac is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pontiac, MI
How much do homes in Pontiac, MI cost?
Median Sold Price
$139,933
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,933(+5.2%)
Key Takeaway
Homes in Pontiac have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Pontiac was $139,933 in October 2024, up 5.2% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $222.5K | +27.1% |
| 2 Bedrooms | $95K | $109.9K | +15.7% |
| 3 Bedrooms | $130K | $148K | +13.8% |
| 4 Bedrooms | $231.4K | $200K | -13.6% |
| 5+ Bedrooms | $257.9K | $135K | -47.7% |
Summary: Pontiac housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.1%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 47.7%.
Median Sold Price Compared To Nearby Cities
| Waterford Charter Township | $245K | $265K | +8.2% |
| Pontiac | $133K | $139.9K | +5.2% |
| Auburn Hills | $289K | $279.1K | -3.4% |
| Sylvan Lake | $348K | $320K | -8.0% |
Housing Supply in Pontiac, MI
How many homes are available in Pontiac, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 138 | 143 | +3.6% |
Summary: The Pontiac real estate market had 143 homes for sale in October 2024, a 3.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 34 | 31 | -8.8% |
| 3 Bedrooms | 71 | 80 | +12.7% |
| 4 Bedrooms | 27 | 25 | -7.4% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Pontiac housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 8.8%, 3 bedroom homes increased by 12.7%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 35 | +9.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pontiac, you could pay more than the asking price. 45.7% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in Pontiac in October 2024, up by 9.4% month-over-month. Of the 35 sold homes, 43% were sold under asking, 11% were sold at asking, and 46% were sold over asking.
Days on Market for Pontiac, MI
How long does it take to sell a home in Pontiac, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 32 Days | +42.0% |
Summary: Homes in Pontiac had an average of 32 days on market in Oct 2024, up by 42% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pontiac are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 35 homes were sold in Pontiac; 71% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.