Is Gerrish 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, Gerrish Township has remained a Seller's Market.
Housing Prices in Gerrish Township, MI
How much do homes in Gerrish Township, MI cost?
Median Sold Price
$255,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Gerrish Township was $255,000 in March 2024, up 32.5% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $116.4K | $110K | -5.5% |
2 Bedrooms | $172.9K | $165K | -4.6% |
3 Bedrooms | $195.5K | $270K | +38.1% |
4 Bedrooms | $262.5K | $448.5K | +70.9% |
5+ Bedrooms | $724.5K | $1.7M | +138.1% |
Summary: Gerrish Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.5%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes increased by 38.1%, 4 bedroom homes increased by 70.9%, and 5+ bedroom homes increased by 138.1%.
Housing Supply in Gerrish Township, MI
How many homes are available in Gerrish Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 20 | +11.1% |
Summary: The Gerrish Township real estate market had 20 homes for sale in March 2024, a 11.1% 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 | 2 | 5 | +150.0% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Gerrish 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 increased by 150%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Gerrish Township in March 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Gerrish Township, MI
We’re sorry, we don't have information for this market at the moment