Is Goodrich, 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, Goodrich has remained a Seller's Market.
Housing Prices in Goodrich, MI
How much do homes in Goodrich, MI cost?
Median Sold Price
$345,500
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Goodrich was $345,500 in May 2024, up 15.2% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $233.9K | $230K | -1.7% |
3 Bedrooms | $293K | $294.9K | +0.6% |
4 Bedrooms | $395K | $415K | +5.1% |
5+ Bedrooms | $550K | $487K | -11.5% |
Summary: Goodrich 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 1.7%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 11.5%.
Median Sold Price Compared To Nearby Cities
Goodrich | $300K | $345.5K | +15.2% |
Atlas Township | $300K | $330K | +10.0% |
Housing Supply in Goodrich, MI
How many homes are available in Goodrich, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 20 | +17.6% |
Summary: The Goodrich real estate market had 20 homes for sale in May 2024, a 17.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Goodrich housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Goodrich in May 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Goodrich, MI
How long does it take to sell a home in Goodrich, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 28 Days | +28.1% |
Summary: Homes in Goodrich had an average of 28 days on market in May 2024, up by 28.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Goodrich; 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.