Is Gowen, 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, Gowen has remained a Seller's Market.
Housing Prices in Gowen, MI
How much do homes in Gowen, MI cost?
Median Sold Price
$250,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Gowen was $250,000 in March 2024, down 15.5% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $117K | -22.0% |
2 Bedrooms | $195K | $170K | -12.8% |
3 Bedrooms | $325K | $250K | -23.1% |
4 Bedrooms | $320.5K | $330K | +3.0% |
5+ Bedrooms | $380K | $389.2K | +2.4% |
Summary: Gowen housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22%, 2 bedroom homes decreased by 12.8%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
Montcalm Township | $210K | $275K | +31.0% |
Oakfield Township | $315K | $322K | +2.2% |
Spencer Township | $293.4K | $289.9K | -1.2% |
Gowen | $296K | $250K | -15.5% |
Housing Supply in Gowen, MI
How many homes are available in Gowen, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 14 | -12.5% |
Summary: The Gowen real estate market had 14 homes for sale in March 2024, a 12.5% decrease 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 | 5 | 2 | -60.0% |
3 Bedrooms | 6 | 8 | +33.3% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Gowen 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 decreased by 60%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Gowen in March 2024, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Gowen, MI
How long does it take to sell a home in Gowen, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
84 Days | 21 Days | -74.6% |
Summary: Homes in Gowen had an average of 21 days on market in Mar 2024, down by 74.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Gowen; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.