Is Grand Blanc, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grand Blanc is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Grand Blanc has remained a Seller's Market.

Key Takeaway

Grand Blanc is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$10,850(+4.3%)

Key Takeaway

Homes in Grand Blanc have sold for 4.3% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 -$127.4K
N/A
2 $173.5K$211K
+21.6%
3 $228.4K$243K
+6.4%
4 $337.5K$322K
-4.6%
5+ $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
+4.3%
Grand Blanc Charter Township
+4.0%

Housing Supply in Grand Blanc, MI

How many homes are available in Grand Blanc, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
186170-8.6%

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

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 2820
-28.6%
3 9078
-13.3%
4 4852
+8.3%
5+ 1818
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 2024Feb 2024CHANGE
4640-13.0%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grand Blanc, you may be able to get a good deal. 65% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
94 Days55 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Grand Blanc has remained consistent over time.

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.

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

Report Updated 18 Days Ago

Newest Listings in Grand Blanc, MI

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