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 March 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
$247,000
$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 Charter Township was $247,000 in March 2024, up 9.8% 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 | - | - | N/A |
2 Bedrooms | $194.5K | $199K | +2.3% |
3 Bedrooms | $220K | $239.6K | +8.9% |
4 Bedrooms | $339.9K | $350K | +3.0% |
5+ Bedrooms | $370K | $312K | -15.7% |
Summary: Fort Gratiot Charter Township 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 increased by 2.3%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 15.7%.
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 Charter Township, MI
How many homes are available in Fort Gratiot Charter Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 15 | 0.0% |
Summary: The Fort Gratiot Charter Township real estate market had 15 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 2 | -60.0% |
3 Bedrooms | 8 | 6 | -25.0% |
4 Bedrooms | 2 | 6 | +200.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Fort Gratiot Charter Township 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 60%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Fort Gratiot Charter Township in March 2024, down by 25.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% 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?
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 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.