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 May 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

$264,562

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$14,562(+5.8%)

Key Takeaway

Homes in Grand Blanc have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Grand Blanc was $264,562 in May 2024, up 5.8% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$112.5K
N/A
2 $181K$215K
+18.8%
3 $229.1K$247.5K
+8.0%
4 $316K$330K
+4.4%
5+ $403.7K$381.4K
-5.5%

Summary: Grand Blanc housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 5.5%.

Median Sold Price Compared To Nearby Cities

Grand Blanc Charter Township
+5.9%
Grand Blanc
+5.8%

Housing Supply in Grand Blanc, MI

How many homes are available in Grand Blanc, MI?

Number of Homes For Sale

Apr 2024May 2024CHANGE
216244+13.0%

Summary: The Grand Blanc real estate market had 244 homes for sale in May 2024, a 13.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 3039
+30.0%
3 91102
+12.1%
4 6872
+5.9%
5+ 2731
+14.8%

Summary: The Grand Blanc housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 14.8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
6368+7.9%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

24 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. 47.1% of homes here sold below asking price last month.

Summary: A total of 68 homes were sold or pending in Grand Blanc in May 2024, up by 7.9% month-over-month. Of the 68 sold homes, 47% were sold under asking, 18% were sold at asking, and 35% 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

May 2023May 2024CHANGE
35 Days34 Days-1.9%

Summary: Homes in Grand Blanc had an average of 34 days on market in May 2024, down by 1.9% compared to last year.

Breakdown of Home Sale Times

50 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Grand Blanc are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 68 homes were sold in Grand Blanc; 74% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% 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 20 Days Ago

Newest Listings in Grand Blanc, MI

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