Pellston, MI Home Values & Market Trends

Real estate market trends reflect that there have been 29 transactions over the past year in Pellston. The median value for residential home transactions that occurred over the previous year is $190,169.95. The number of current listings in Pellston is 3, and the percentage of properties for sale in the city is 3.00%. Pellston, MI currently has 1 properties in foreclosure, 1 bank owned properties, 0 properties headed for auction, and 3 properties for sale.

Pellston, MI Real Estate Market Overview

ZipMedian Est. Value
49769

$ 229,461

$ 183/sqft

Housing Market Summary for Pellston, MI

Mar 2023February 2024Change
Median Listing Price$640K$183.3K-71.37%
Median Sold Price$101.2K$183.3K81.05%
Homes For Sale2350.00%
Homes Sold8912.50%
Price
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Homes For Sale
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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%.

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Browse Homes in Pellston, MI

Pellston home values range from $23,426 to $2,705,178. The median estimated value of a home in Pellston is $190,169.95. The median list price of a home is 225,000, and the total count of properties in the city is 827.

Foreclosure
There is 1 zips within Pellston, MI; within this zips, the median estimated home value for homes in foreclosure ranges from $90,262 in 49769 to the lowest value of $90,262 in 49769. Foreclosure homes account for 0.00% of properties in Pellston, MI with 49769 containing 1 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Pellston, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Pellston, MI; of that 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 Owned
    The median estimated home value of bank owned homes (REO properties) in Pellston, MI ranges from the highest value of $90,262 in 49769 to the lowest value of $90,262 in 49769. Bank owned homes and properties account for 0.12% of properties in Pellston, MI. There is 1 zips within Pellston, MI; 49769 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    N/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Pellston, MI. Auction homes and other auction properties account for 0% of all properties in Pellston, MI. There is 1 zips within Pellston, MI; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.36% of residential properties in Pellston, MI with 49769 containing 3 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Pellston, MI; homes for sale in that zips, have a range of median values from $242,407 in 49769 to the lowest value of $199,000 in 49769.
    Sold Homes
    The median value for recently sold homes ranges from $387,973 in 49769 to the lowest price of $48,802 in 49769. There is 1 zips within Pellston, MI. 49769 has 8 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 0.97% of properties in Pellston, MI.

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      Guide for Pellston, MI

      RealtyTrac Market Report
      Michigan
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan
      Detroit Real Estate Market Holds Steady: 2023 in Review
      Investment Guides
      Why Buying a Foreclosure is a Smart Move
      Wholesale
      What Is a Zombie Property?
      See More Articles
      RealtyTrac Market Report
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan|posted 8 December 2023

      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.

      Detroit Real Estate Market Holds Steady: 2023 in Review
      Michigan|posted 25 January 2024

      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.

      Why Buying a Foreclosure is a Smart Move
      Investment Guides|posted 15 November 2017

      Why Buying a Foreclosure is a Smart Move

      What Is a Zombie Property?
      Wholesale|posted 14 March 2024

      Learn what a Zombie property is and how to avoid your home becoming one.

      Recently Listed Homes Pellston, MI

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