Is Grand Blanc, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$265,133
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Grand Blanc was $265,133 in June 2024, up 4% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105K | $131.2K | +25.0% |
2 Bedrooms | $197.5K | $204.7K | +3.7% |
3 Bedrooms | $234.5K | $245.6K | +4.7% |
4 Bedrooms | $318K | $329K | +3.5% |
5+ Bedrooms | $399.5K | $392.5K | -1.8% |
Summary: Grand Blanc housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Cities
Grand Blanc | $255K | $265.1K | +4.0% |
Grand Blanc Charter Township | $254.9K | $265K | +3.9% |
Housing Supply in Grand Blanc, MI
How many homes are available in Grand Blanc, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
230 | 232 | +0.9% |
Summary: The Grand Blanc real estate market had 232 homes for sale in June 2024, a 0.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 35 | 32 | -8.6% |
3 Bedrooms | 96 | 101 | +5.2% |
4 Bedrooms | 66 | 69 | +4.5% |
5+ Bedrooms | 33 | 30 | -9.1% |
Summary: The Grand Blanc housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
70 | 60 | -14.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in Grand Blanc in June 2024, down by 14.3% month-over-month. Of the 60 sold homes, 27% were sold under asking, 22% were sold at asking, and 52% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
34 Days | 27 Days | -19.7% |
Summary: Homes in Grand Blanc had an average of 27 days on market in Jun 2024, down by 19.7% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During June 2024, 60 homes were sold in Grand Blanc; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.