Is Grant, 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 has remained a Seller's Market.
Key Takeaway
Grant is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grant, MI
How much do homes in Grant, MI cost?
Median Sold Price
$235,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Grant have sold for 8% more than they did a year ago.
Summary: The median home sold price in Grant was $235,000 in May 2024, up 8% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $74.9K | N/A |
| 2 Bedrooms | $170K | $191.9K | +12.9% |
| 3 Bedrooms | $225K | $224.5K | -0.2% |
| 4 Bedrooms | $245K | $267.9K | +9.4% |
| 5+ Bedrooms | $330K | $400K | +21.2% |
Summary: Grant 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 12.9%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 21.2%.
Median Sold Price Compared To Nearby Cities
| Grant | $217.5K | $235K | +8.0% |
| Grant Township | $220K | $235K | +6.8% |
Housing Supply in Grant, MI
How many homes are available in Grant, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 27 | 0.0% |
Summary: The Grant real estate market had 27 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 | 14 | 16 | +14.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Grant 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 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grant, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Grant in May 2024, down by 18.2% month-over-month. Of the 9 sold homes, 11% were sold under asking, 33% were sold at asking, and 56% were sold over asking.
Days on Market for Grant, MI
How long does it take to sell a home in Grant, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 12 Days | -72.6% |
Summary: Homes in Grant had an average of 12 days on market in May 2024, down by 72.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grant are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Grant; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
