Is Gladwin 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, Gladwin Township has remained a Seller's Market.
Housing Prices in Gladwin Township, MI
How much do homes in Gladwin Township, MI cost?
Median Sold Price
$167,900
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Gladwin Township was $167,900 in February 2024, up 4.9% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $52.9K | $82.9K | +56.6% |
2 Bedrooms | $119.5K | $139.7K | +16.9% |
3 Bedrooms | $177.5K | $202.5K | +14.1% |
4 Bedrooms | - | $270K | N/A |
5+ Bedrooms | - | $335K | N/A |
Summary: Gladwin Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.6%, 2 bedroom homes increased by 16.9%, 3 bedroom homes increased by 14.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Gladwin Township, MI
How many homes are available in Gladwin Township, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
66 | 67 | +1.5% |
Summary: The Gladwin Township real estate market had 67 homes for sale in February 2024, a 1.5% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 19 | 19 | 0.0% |
3 Bedrooms | 34 | 34 | 0.0% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Gladwin 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 remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
14 | 13 | -7.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Gladwin Township in February 2024, down by 7.1% month-over-month. Of the 13 sold homes, 77% were sold under asking, 8% were sold at asking, and 15% were sold over asking.
Days on Market for Gladwin Township, MI
How long does it take to sell a home in Gladwin Township, MI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
76 Days | 51 Days | -33.2% |
Summary: Homes in Gladwin Township had an average of 51 days on market in Feb 2024, down by 33.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 13 homes were sold in Gladwin Township; 23% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.