Is Gratiot County, 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, Gratiot County has remained a Seller's Market.
Housing Prices in Gratiot County, MI
How much do homes in Gratiot County, MI cost?
Median Sold Price
$160,000
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gratiot County was $160,000 in April 2024, down 1.2% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $44K | $130K | +195.5% |
2 Bedrooms | $120K | $125K | +4.2% |
3 Bedrooms | $146.5K | $165K | +12.6% |
4 Bedrooms | $180K | $180K | 0.0% |
5+ Bedrooms | $208.9K | $250K | +19.6% |
Summary: Gratiot County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 195.5%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 12.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 19.6%.
Median Sold Price Compared To Nearby Counties
Midland County | $200K | $224.3K | +12.2% |
Saginaw County | $143.4K | $159.2K | +11.0% |
Isabella County | $175K | $178.9K | +2.3% |
Shiawassee County | $175K | $177.1K | +1.2% |
Gratiot County | $162K | $160K | -1.2% |
Housing Supply in Gratiot County, MI
How many homes are available in Gratiot County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
107 | 132 | +23.4% |
Summary: The Gratiot County real estate market had 132 homes for sale in April 2024, a 23.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 20 | 20 | 0.0% |
3 Bedrooms | 61 | 80 | +31.1% |
4 Bedrooms | 20 | 24 | +20.0% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Gratiot County 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 remained the same, 3 bedroom homes increased by 31.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 27 | +35.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Gratiot County in April 2024, up by 35.0% month-over-month. Of the 27 sold homes, 37% were sold under asking, 30% were sold at asking, and 33% were sold over asking.
Days on Market for Gratiot County, MI
How long does it take to sell a home in Gratiot County, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
69 Days | 59 Days | -13.9% |
Summary: Homes in Gratiot County had an average of 59 days on market in Apr 2024, down by 13.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in Gratiot County; 30% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.