Is Gladwin, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Gladwin has remained a Seller's Market.
Housing Prices in Gladwin, MI
How much do homes in Gladwin, MI cost?
Median Sold Price
$164,950
$125/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Gladwin was $164,950 in March 2024, up 5.1% from last month, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $45K | $20K | -55.6% |
2 Bedrooms | $157K | $155K | -1.3% |
3 Bedrooms | $160.3K | $202.4K | +26.3% |
4 Bedrooms | $312.5K | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Gladwin housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 55.6%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 26.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Gladwin | $157K | $164.9K | +5.1% |
Gladwin Township | $157K | $164.9K | +5.1% |
Housing Supply in Gladwin, MI
How many homes are available in Gladwin, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 60 | +17.6% |
Summary: The Gladwin real estate market had 60 homes for sale in March 2024, a 17.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 15 | 17 | +13.3% |
3 Bedrooms | 27 | 34 | +25.9% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Gladwin 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 13.3%, 3 bedroom homes increased by 25.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 12 | +33.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Gladwin in March 2024, up by 33.3% month-over-month. Of the 12 sold homes, 58% were sold under asking, 33% were sold at asking, and 8% were sold over asking.
Days on Market for Gladwin, MI
How long does it take to sell a home in Gladwin, MI?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
56 Days | 43 Days | -22.6% |
Summary: Homes in Gladwin had an average of 43 days on market in Mar 2024, down by 22.6% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Gladwin; 58% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.