Is Grand Junction, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Grand Junction was a Neutral Market.
Key Takeaway
Grand Junction is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Grand Junction, MI
How much do homes in Grand Junction, MI cost?
Median Sold Price
$265,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Grand Junction have sold for 58.2% more than they did a year ago.
Summary: The median home sold price in Grand Junction was $265,000 in May 2024, up 58.2% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $160K | $187.5K | +17.2% |
| 3 Bedrooms | $160K | $275K | +71.9% |
| 4 Bedrooms | $250K | $248K | -0.8% |
| 5+ Bedrooms | $215.1K | $2.1M | +920.2% |
Summary: Grand Junction 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 increased by 17.2%, 3 bedroom homes increased by 71.9%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 920.2%.
Median Sold Price Compared To Nearby Cities
| Columbia Township | $158.2K | $275K | +73.8% |
| Grand Junction | $167.5K | $265K | +58.2% |
| Pullman | $158.5K | $197.5K | +24.6% |
| Lee Township | $165K | $193K | +17.0% |
Housing Supply in Grand Junction, MI
How many homes are available in Grand Junction, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Summary: The Grand Junction real estate market had 16 homes for sale in May 2024, a 6.7% 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 | 3 | 6 | +100.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Grand Junction 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 increased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grand Junction, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Grand Junction in May 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Grand Junction, MI
How long does it take to sell a home in Grand Junction, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 70 Days | 4 Days | -94.3% |
Summary: Homes in Grand Junction had an average of 4 days on market in May 2024, down by 94.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grand Junction are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Grand Junction; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.