Is Goodrich, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Goodrich is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Goodrich was a Seller's Market.

Key Takeaway

Goodrich is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Goodrich, MI

How much do homes in Goodrich, MI cost?

Median Sold Price

$322,500

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$6,000(-1.8%)

Key Takeaway

Homes in Goodrich have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in Goodrich was $322,500 in September 2024, down 1.8% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $228K$231K
+1.3%
3 $296.2K$305K
+3.0%
4 $416.2K$381K
-8.5%
5+ $444K$461K
+3.8%

Summary: Goodrich housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 3.8%.

Housing Supply in Goodrich, MI

How many homes are available in Goodrich, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2832+14.3%

Summary: The Goodrich real estate market had 32 homes for sale in September 2024, a 14.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 1718
+5.9%
4 47
+75.0%
5+ 34
+33.3%

Summary: The Goodrich housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
95-44.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Goodrich, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Goodrich in September 2024, down by 44.4% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for Goodrich, MI

How long does it take to sell a home in Goodrich, MI?

Average Sale Time

Sep 2023Sep 2024CHANGE
26 Days40 Days+50.0%

Summary: Homes in Goodrich had an average of 40 days on market in Sep 2024, up by 50% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Goodrich has remained consistent over time.

Summary: During September 2024, 5 homes were sold in Goodrich; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

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