Pontiac, MI Home Values & Market Trends
Real estate market trends reflect that there have been 866 transactions over the past year in Pontiac. The median value for residential home transactions that occurred over the previous year is $125,300.34. The number of current listings in Pontiac is 90, and the percentage of properties for sale in the city is 90.00%. Pontiac, MI currently has 24 properties in foreclosure, 2 bank owned properties, 22 properties headed for auction, and 90 properties for sale.
Pontiac, MI Real Estate Market Overview
Housing Market Summary for Pontiac, MI
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $127.3K | $123K | -3.34% |
| Median Sold Price | $101.3K | $123K | 21.41% |
| Homes For Sale | 60 | 95 | 58.33% |
| Homes Sold | 531 | 539 | 1.51% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Pontiac, MI
Browse Homes in Pontiac, MI
Pontiac home values range from $18,398 to $2,699,999. The median estimated value of a home in Pontiac is $125,300.34. The median list price of a home is 139,900, and the total count of properties in the city is 17,373.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Pontiac, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Pontiac, MI; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Pontiac, MI ranges from the highest value of $127,958 in 48342 to the lowest value of $120,000 in 48341. Bank owned homes and properties account for 0.01% of properties in Pontiac, MI. There are 3 zips within Pontiac, MI; 48342 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48340 has 10 auction properties, the highest number of properties going to auction in a single zip in the state of Pontiac, MI. Auction homes and other auction properties account for 0.13% of all properties in Pontiac, MI. There are 3 zips within Pontiac, MI; of those zips, the median estimated home value for homes going to auction ranges from $260,140 in 48341 to the lowest value of $59,269 in 48341.
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Guide for Pontiac, MI
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
Lansing’s real estate market has seen substantial growth in home values and sales prices from April 2023 to March 2024, positioning the city as an attractive investment prospect.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
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