Is Grant Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Grant Township has remained a Seller's Market.
Housing Prices in Grant Township, MI
How much do homes in Grant Township, MI cost?
Median Sold Price
$235,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Grant Township was $235,000 in May 2024, up 9.3% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $109.9K | -38.9% |
2 Bedrooms | $163K | $191.9K | +17.7% |
3 Bedrooms | $227.5K | $224.5K | -1.3% |
4 Bedrooms | $245K | $260K | +6.1% |
5+ Bedrooms | $330K | $367.5K | +11.4% |
Summary: Grant Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.9%, 2 bedroom homes increased by 17.7%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 11.4%.
Median Sold Price Compared To Nearby Cities
Rodney | $170K | $250K | +47.1% |
Green Charter Township | $189K | $222.5K | +17.7% |
Grant Township | $215K | $235K | +9.3% |
Housing Supply in Grant Township, MI
How many homes are available in Grant Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 31 | 0.0% |
Summary: The Grant Township real estate market had 31 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 7 | 3 | -57.1% |
3 Bedrooms | 18 | 19 | +5.6% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Grant Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 57.1%, 3 bedroom homes increased by 5.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 11 | -8.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Grant Township in May 2024, down by 8.3% month-over-month. Of the 11 sold homes, 9% were sold under asking, 36% were sold at asking, and 55% were sold over asking.
Days on Market for Grant Township, MI
How long does it take to sell a home in Grant Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 17 Days | -55.2% |
Summary: Homes in Grant Township had an average of 17 days on market in May 2024, down by 55.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Grant Township; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.