Pontiac, MI 48341 Real Estate Market Report

ZIP Code: 48341
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Pontiac, MI as of April 2026 reflects a median sold price of $145,000, indicating a stable market with some areas experiencing price appreciation. The neighborhood has increased 0% since 2023, suggesting a steady market without significant fluctuations in value. The median listing price stands at $119,900, which may indicate a pricing gap that sellers need to address to align with buyer expectations.

Market activity shows elevated inventory levels, with a median of 231 days on market, indicating slower sales velocity. This extended time frame may suggest a need for sellers to adjust their pricing strategies to enhance liquidity. The overall market temperature is classified as neutral, reflecting a balance between buyer and seller influences, which is further supported by the upward trend in rental prices, with a median market rent of $1,511.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Pontiac MI are averaging 6.38%, which is 0.25% higher than the 6.13% average seen in early 2025.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $145,000 indicates a stable market, with no significant price changes since 2023.

2. With a median days on market of 231, the market is experiencing slower sales velocity, suggesting potential pricing adjustments may be necessary.

3. The median listing price of $119,900 shows a notable gap compared to the sold price, indicating potential pricing friction for sellers.

4. Rental prices are on the rise, with a median market rent of $1,511, reflecting a growing demand in the rental sector.

5. The market temperature is neutral, suggesting a balanced environment with equal influence from buyers and sellers.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.