Is Fort Gratiot, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Fort Gratiot has remained a Seller's Market.
Housing Prices in Fort Gratiot, MI
How much do homes in Fort Gratiot, MI cost?
Median Sold Price
$249,900
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fort Gratiot was $249,900 in March 2024, up 11.1% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $87.9K | - | N/A |
2 Bedrooms | $210K | $191.5K | -8.8% |
3 Bedrooms | $220K | $246K | +11.8% |
4 Bedrooms | $344.9K | $327.4K | -5.1% |
5+ Bedrooms | $384.9K | $312K | -19.0% |
Summary: Fort Gratiot housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.8%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 19%.
Median Sold Price Compared To Nearby Cities
Fort Gratiot | $225K | $249.9K | +11.1% |
Port Huron | $140.9K | $155K | +9.9% |
Fort Gratiot Charter Township | $225K | $247K | +9.8% |
Port Huron Charter Township | $144.9K | $155K | +7.0% |
Housing Supply in Fort Gratiot, MI
How many homes are available in Fort Gratiot, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 21 | +16.7% |
Summary: The Fort Gratiot real estate market had 21 homes for sale in March 2024, a 16.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 3 | -40.0% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 2 | 6 | +200.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Fort Gratiot housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Fort Gratiot in March 2024, the same as the previous month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Fort Gratiot, MI
How long does it take to sell a home in Fort Gratiot, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
153 Days | 14 Days | -90.4% |
Summary: Homes in Fort Gratiot had an average of 14 days on market in Mar 2024, down by 90.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Fort Gratiot; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.