Is Grass Lake, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Grass Lake was a Seller's Market.
Housing Prices in Grass Lake, MI
How much do homes in Grass Lake, MI cost?
Median Sold Price
$305,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Grass Lake was $305,000 in April 2024, down 14% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235K | $275.5K | +17.2% |
2 Bedrooms | $205K | $192K | -6.3% |
3 Bedrooms | $361.2K | $310.4K | -14.1% |
4 Bedrooms | $348K | $420.2K | +20.8% |
5+ Bedrooms | $411.2K | $542.7K | +32.0% |
Summary: Grass Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.2%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 14.1%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 32%.
Median Sold Price Compared To Nearby Cities
Grass Lake | $354.7K | $305K | -14.0% |
Grass Lake Charter Township | $361.2K | $310K | -14.2% |
Housing Supply in Grass Lake, MI
How many homes are available in Grass Lake, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 25 | 0.0% |
Summary: The Grass Lake real estate market had 25 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Grass Lake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 3 | -70.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Grass Lake in April 2024, down by 70.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Grass Lake, MI
How long does it take to sell a home in Grass Lake, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
61 Days | 15 Days | -74.3% |
Summary: Homes in Grass Lake had an average of 15 days on market in Apr 2024, down by 74.3% compared to last year.
Breakdown of Home Sale Times
2 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, 3 homes were sold in Grass Lake; 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.