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
$208,250
$149/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 $208,250 in May 2024, down 2.2% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $57.4K | N/A |
2 Bedrooms | $155.5K | $150K | -3.5% |
3 Bedrooms | $222.5K | $215K | -3.4% |
4 Bedrooms | $236K | $267.9K | +13.5% |
5+ Bedrooms | $330K | $400K | +21.2% |
Summary: Grant Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 21.2%.
Median Sold Price Compared To Nearby Cities
Plainfield Township | $141.8K | $160K | +12.8% |
National City | $140.9K | $139.9K | -0.7% |
Grant Township | $213K | $208.2K | -2.2% |
Hale | $227.3K | $175.5K | -22.8% |
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 |
---|---|---|
34 | 41 | +20.6% |
Summary: The Grant Township real estate market had 41 homes for sale in May 2024, a 20.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 18 | 21 | +16.7% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
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 increased by 22.2%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 12 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Grant Township in May 2024, the same as the previous month. Of the 12 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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 |
---|---|---|
37 Days | 16 Days | -56.3% |
Summary: Homes in Grant Township had an average of 16 days on market in May 2024, down by 56.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Grant Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.