Is Fort Gratiot Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Fort Gratiot Charter Township has remained a Seller's Market.
Key Takeaway
Fort Gratiot Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fort Gratiot Charter Township, MI
How much do homes in Fort Gratiot Charter Township, MI cost?
Median Sold Price
$254,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Fort Gratiot Charter Township have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Fort Gratiot Charter Township was $254,000 in June 2024, up 10.7% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200K | $191.5K | -4.3% |
| 3 Bedrooms | $226K | $235K | +4.0% |
| 4 Bedrooms | $245K | $350K | +42.9% |
| 5+ Bedrooms | $380K | $299K | -21.3% |
Summary: Fort Gratiot Charter Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 21.3%.
Median Sold Price Compared To Nearby Cities
| Fort Gratiot | $225K | $257K | +14.2% |
| Fort Gratiot Charter Township | $229.4K | $254K | +10.7% |
| North Street | $230K | $249.9K | +8.7% |
| Port Huron Charter Township | $145K | $154.9K | +6.9% |
| Port Huron | $145.7K | $154.9K | +6.3% |
Housing Supply in Fort Gratiot Charter Township, MI
How many homes are available in Fort Gratiot Charter Township, MI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 22 | 29 | +31.8% |
Summary: The Fort Gratiot Charter Township real estate market had 29 homes for sale in June 2024, a 31.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 3 | +100.0% |
| 3 Bedrooms | 11 | 16 | +45.5% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Fort Gratiot Charter Township housing inventory by bedroom type for June 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 45.5%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fort Gratiot Charter Township, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Fort Gratiot Charter Township in June 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for Fort Gratiot Charter Township, MI
How long does it take to sell a home in Fort Gratiot Charter Township, MI?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 14 Days | 11 Days | -23.3% |
Summary: Homes in Fort Gratiot Charter Township had an average of 11 days on market in Jun 2024, down by 23.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fort Gratiot Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 5 homes were sold in Fort Gratiot Charter Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.