Is Grand Blanc, 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, Grand Blanc has remained a Seller's Market.
Housing Prices in Grand Blanc, MI
How much do homes in Grand Blanc, MI cost?
Median Sold Price
$260,300
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Grand Blanc was $260,300 in February 2024, up 4.3% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $127.4K | N/A |
2 Bedrooms | $173.5K | $211K | +21.6% |
3 Bedrooms | $228.4K | $243K | +6.4% |
4 Bedrooms | $337.5K | $322K | -4.6% |
5+ Bedrooms | $414K | $397.5K | -4.0% |
Summary: Grand Blanc housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
Grand Blanc | $249.4K | $260.3K | +4.3% |
Grand Blanc Charter Township | $250K | $260K | +4.0% |
Housing Supply in Grand Blanc, MI
How many homes are available in Grand Blanc, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
186 | 170 | -8.6% |
Summary: The Grand Blanc real estate market had 170 homes for sale in February 2024, a 8.6% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 28 | 20 | -28.6% |
3 Bedrooms | 90 | 78 | -13.3% |
4 Bedrooms | 48 | 52 | +8.3% |
5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The Grand Blanc 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 decreased by 28.6%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
46 | 40 | -13.0% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Grand Blanc in February 2024, down by 13.0% month-over-month. Of the 40 sold homes, 65% were sold under asking, 28% were sold at asking, and 8% were sold over asking.
Days on Market for Grand Blanc, MI
How long does it take to sell a home in Grand Blanc, MI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
94 Days | 55 Days | -41.4% |
Summary: Homes in Grand Blanc had an average of 55 days on market in Feb 2024, down by 41.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During February 2024, 40 homes were sold in Grand Blanc; 40% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.