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 February 2023
Since last year, Fort Gratiot Charter Township has remained a Seller's Market.
Housing Prices in Fort Gratiot Charter Township, MI
How much do homes in Fort Gratiot Charter Township, MI cost?
Median Sold Price
$235,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Fort Gratiot Charter Township was $235,000 in February 2024, up 4.5% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $202.2K | $182.5K | -9.8% |
3 Bedrooms | $210K | $231.9K | +10.4% |
4 Bedrooms | $339.9K | $297.5K | -12.5% |
5+ Bedrooms | $370K | $312K | -15.7% |
Summary: Fort Gratiot Charter Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.8%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 15.7%.
Median Sold Price Compared To Nearby Cities
Port Huron | $135K | $150K | +11.1% |
Fort Gratiot | $224.9K | $241.1K | +7.2% |
Fort Gratiot Charter Township | $224.9K | $235K | +4.5% |
Port Huron Charter Township | $152.4K | $150K | -1.6% |
Housing Supply in Fort Gratiot Charter Township, MI
How many homes are available in Fort Gratiot Charter Township, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
29 | 21 | -27.6% |
Summary: The Fort Gratiot Charter Township real estate market had 21 homes for sale in February 2024, a 27.6% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 17 | 10 | -41.2% |
4 Bedrooms | 6 | 4 | -33.3% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Fort Gratiot Charter Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 41.2%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 8 | -38.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Fort Gratiot Charter Township in February 2024, down by 38.5% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
5 Days | 27 Days | +447.5% |
Summary: Homes in Fort Gratiot Charter Township had an average of 27 days on market in Feb 2024, up by 447.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 8 homes were sold in Fort Gratiot Charter Township; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.