Is White Pigeon, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, White Pigeon has remained a Seller's Market.
Housing Prices in White Pigeon, MI
How much do homes in White Pigeon, MI cost?
Median Sold Price
$225,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in White Pigeon was $225,000 in May 2024, up 13.1% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55K | $185K | +236.4% |
2 Bedrooms | $122K | $155K | +27.0% |
3 Bedrooms | $182K | $184.9K | +1.6% |
4 Bedrooms | $275K | $607.5K | +120.9% |
5+ Bedrooms | $460K | $535K | +16.3% |
Summary: White Pigeon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 236.4%, 2 bedroom homes increased by 27%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 120.9%, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Cities
White Pigeon | $199K | $225K | +13.1% |
White Pigeon Township | $214.9K | $225K | +4.7% |
Constantine Township | $196K | $180K | -8.2% |
Housing Supply in White Pigeon, MI
How many homes are available in White Pigeon, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 19 | -9.5% |
Summary: The White Pigeon real estate market had 19 homes for sale in May 2024, a 9.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 10 | 11 | +10.0% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The White Pigeon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in White Pigeon in May 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for White Pigeon, MI
How long does it take to sell a home in White Pigeon, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 61 Days | +118.9% |
Summary: Homes in White Pigeon had an average of 61 days on market in May 2024, up by 118.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in White Pigeon; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.