Is Gaylord, 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, Gaylord has remained a Seller's Market.
Key Takeaway
Gaylord is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gaylord, MI
How much do homes in Gaylord, MI cost?
Median Sold Price
$249,600
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Gaylord have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Gaylord was $249,600 in March 2024, up 2.7% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $60K | N/A |
| 2 Bedrooms | $140K | $202.5K | +44.6% |
| 3 Bedrooms | $256.7K | $245.5K | -4.4% |
| 4 Bedrooms | $227K | $298.5K | +31.5% |
| 5+ Bedrooms | $355K | $259.9K | -26.8% |
Summary: Gaylord 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 44.6%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 31.5%, and 5+ bedroom homes decreased by 26.8%.
Median Sold Price Compared To Nearby Cities
| Gaylord | $243K | $249.6K | +2.7% |
| Bagley Township | $265K | $259.9K | -1.9% |
Housing Supply in Gaylord, MI
How many homes are available in Gaylord, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 63 | 78 | +23.8% |
Summary: The Gaylord real estate market had 78 homes for sale in March 2024, a 23.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 28 | 37 | +32.1% |
| 4 Bedrooms | 12 | 17 | +41.7% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Gaylord housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 32.1%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gaylord, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Gaylord in March 2024, up by 40.0% month-over-month. Of the 14 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Gaylord, MI
How long does it take to sell a home in Gaylord, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 23 Days | 61 Days | +165.2% |
Summary: Homes in Gaylord had an average of 61 days on market in Mar 2024, up by 165.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Gaylord are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in Gaylord; 7% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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