Is Gun Plain 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, Gun Plain Township has remained a Seller's Market.
Housing Prices in Gun Plain Township, MI
How much do homes in Gun Plain Township, MI cost?
Median Sold Price
$300,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gun Plain Township was $300,000 in April 2024, up 11.1% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $164.2K | $182K | +10.8% |
3 Bedrooms | $225K | $281.2K | +25.0% |
4 Bedrooms | $327K | $380K | +16.2% |
5+ Bedrooms | $420.3K | $625K | +48.7% |
Summary: Gun Plain 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 increased by 10.8%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 48.7%.
Median Sold Price Compared To Nearby Cities
Plainwell | $234.9K | $270K | +14.9% |
Cooper Charter Township | $229K | $260K | +13.5% |
Gun Plain Township | $270K | $300K | +11.1% |
Martin Township | $250K | $269K | +7.6% |
Prairieville Township | $340K | $325K | -4.4% |
Housing Supply in Gun Plain Township, MI
How many homes are available in Gun Plain Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 20 | +53.8% |
Summary: The Gun Plain Township real estate market had 20 homes for sale in April 2024, a 53.8% 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 | 0 | 1 | +100.0% |
3 Bedrooms | 3 | 9 | +200.0% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Gun Plain 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 100%, 3 bedroom homes increased by 200%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 6 | +500.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Gun Plain Township in April 2024, up by 500.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Gun Plain Township, MI
How long does it take to sell a home in Gun Plain Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
84 Days | 36 Days | -56.7% |
Summary: Homes in Gun Plain Township had an average of 36 days on market in Apr 2024, down by 56.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Gun Plain Township; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.