48341, Pontiac, MI

Pontiac, Michigan is a city located in Oakland County. The population of Pontiac was estimated to be around 100,000 as of the 2010 census. Pontiac is home to the headquarters of General Motors and Ford Motor Company. Pontiac is also home to the world's largest collection of Rolls-Royces.

The median home value in Pontiac as of September 2017 was $153,200 according to Zillow. This represents a decrease from the median home value of $165,600 recorded in September 2016. The average list price for homes in the 48341 zip code during this time period was $158,500 which represented an increase from the average list price recorded during September 2016 of $154,000.

The percentage change in home values between September 2017 and September 2016 varied significantly across different ZIP codes within Oakland County. The percentage change for homes in ZIP code 48341 was -7%. This compares favorably with other ZIP codes within Oakland County where the percentage change ranged from a decrease of 2% to an increase of 10%.

One potential explanation for why home values decreased in Pontiac between September 2017 and September 2016 may be due to low demand caused by market conditions that have been unfavorable for homeowners over this period such as low interest rates and increased mortgage rates. It is also possible that there has been an influx of new residents into Pontiac who are not purchasing or owning homes at a rate that would impact prices positively over time.