Is Grand Blanc, 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, 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
$260,177
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Grand Blanc was $260,177 in March 2024, up 4.1% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $112.5K | N/A |
2 Bedrooms | $180K | $215.5K | +19.7% |
3 Bedrooms | $225K | $243K | +8.0% |
4 Bedrooms | $326.1K | $322K | -1.3% |
5+ Bedrooms | $410.7K | $372.7K | -9.3% |
Summary: Grand Blanc housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.7%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 9.3%.
Median Sold Price Compared To Nearby Cities
Grand Blanc | $249.9K | $260.1K | +4.1% |
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
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
175 | 179 | +2.3% |
Summary: The Grand Blanc real estate market had 179 homes for sale in March 2024, a 2.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 22 | 25 | +13.6% |
3 Bedrooms | 77 | 72 | -6.5% |
4 Bedrooms | 57 | 59 | +3.5% |
5+ Bedrooms | 18 | 23 | +27.8% |
Summary: The Grand Blanc housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 13.6%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 27.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
46 | 41 | -10.9% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Grand Blanc in March 2024, down by 10.9% month-over-month. Of the 41 sold homes, 49% were sold under asking, 29% were sold at asking, and 22% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
154 Days | 46 Days | -70.2% |
Summary: Homes in Grand Blanc had an average of 46 days on market in Mar 2024, down by 70.2% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 41 homes were sold in Grand Blanc; 59% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.