Pennfield Charter Township Housing Market Report March 2025•Calhoun County, Michigan

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Housing Prices in Pennfield Charter Township, MI

How much do homes in Pennfield Charter Township, MI cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Pennfield Charter Township is a Seller's Market

Difference Since March 2024

Since last year, Pennfield Charter Township has remained a Seller's Market.

Insight

Pennfield Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$221,999$130/SqFt
+$6,999
+3.3%

Based on all homes sold in the last 12 months

Insight

Homes in Pennfield Charter Township have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Pennfield Charter Township was $221,999 in March 2025, up 3.3% from last year, and the median price per square foot was $130.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Bedford Charter Township
+3.6%
Pennfield Charter Township
+3.3%
Battle Creek
+2.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2024Mar 2025Change YoY
1$86K$77.5K
-9.9%
2$161K$149.9K
-6.9%
3$200K$221.9K
+11.0%
4$313.9K$285K
-9.2%
5$355K$350.9K
-1.1%

Summary: Pennfield Charter Township housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -9.9%. The home price for 2 bedroom homes decreased by -6.9%. The home price for 3 bedroom homes increased by +11.0%. The home price for 4 bedroom homes decreased by -9.2%. The home price for 5 bedroom homes decreased by -1.1%.

How does Pennfield Charter Township, MI compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Pennfield Charter Township, MI

Housing supply in Pennfield Charter Township, MI

How many homes are available in Pennfield Charter Township, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
25Last MonthMar 2025
262 months agoFeb 2025
-3.8 %
Change MoMFeb – Mar

Summary: The Pennfield Charter Township real estate market had 25 homes for sale in Mar 2025, a 3.8 % decrease compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
11Last MonthMar 2025
42 months agoFeb 2025
+175.0 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
100
0.0%
244
0.0%
3118
-27.3%
4910
+11.1%
523
+50.0%

Summary: Pennfield Charter Township housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -27.3%. The inventory for 4 bedroom homes increased by +11.1%. The inventory for 5 bedroom homes increased by +50.0%.

Asking Price vs. Sold Price

How much do homes in Pennfield Charter Township, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price4 Homes

At Asking Price4 Homes

Under Asking Price3 Homes

Insight

If you're buying a home in Pennfield Charter Township, expect to pay close to the asking price. 36.4% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in Pennfield Charter Township in March 2025, up by 175.0% month-over-month. Of the 11 sold homes, 27% were sold under asking, 36% were sold at asking, and and 36% were sold over asking.

Days on Market for Pennfield Charter Township, MI

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

Breakdown of Home Sale Times

Under 30 Days6 Homes

30 – 90 Days2 Homes

Over 90 Days3 Homes

Insight

Many homes in Pennfield Charter Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2025, 11 homes were sold in Pennfield Charter Township; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
48 DaysThis YearMar 2025
17 Days1 year agoMar 2024
+168.5 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Pennfield Charter Township had an average listing age of 48 days in Mar 2025, up by 168.5% compared to the previous year.

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Newest Listings in Pennfield Charter Township, MI

What homes are available in Pennfield Charter Township, MI?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Michigan Regional Information Center LLC, RealComp II Ltd., and Greater Lansing MLS for the period 04/01/2023 - 04/01/2025

Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2025 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/8/2025, 8:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/8/2025, 8:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

Copyright © 2025 Greater Lansing Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/8/2025, 8:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.