Is Gaines Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Gaines Township has remained a Seller's Market.
Housing Prices in Gaines Township, MI
How much do homes in Gaines Township, MI cost?
Median Sold Price
$238,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gaines Township was $238,000 in April 2024, down 4.8% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $242.5K | - | N/A |
2 Bedrooms | $175K | $170K | -2.9% |
3 Bedrooms | $243K | $237K | -2.5% |
4 Bedrooms | $346.5K | $280K | -19.2% |
5+ Bedrooms | $323.7K | $358.5K | +10.7% |
Summary: Gaines Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 19.2%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
Venice Township | $145K | $182K | +25.5% |
Swartz Creek | $210K | $234.8K | +11.8% |
Clayton Charter Township | $233.4K | $225K | -3.6% |
Gaines Township | $249.9K | $238K | -4.8% |
Housing Supply in Gaines Township, MI
How many homes are available in Gaines Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 18 | +20.0% |
Summary: The Gaines Township real estate market had 18 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Gaines Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Gaines Township in April 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Gaines Township, MI
How long does it take to sell a home in Gaines Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
1 Day | 15 Days | +1425.0% |
Summary: Homes in Gaines Township had an average of 15 days on market in Apr 2024, up by 1425% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Gaines Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.