Is Grand Haven Charter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grand Haven Charter Township is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Grand Haven Charter Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Grand Haven Charter Township, MI

How much do homes in Grand Haven Charter Township, MI cost?

Median Sold Price

$349,966

$251/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$5,016(+1.5%)

Key Takeaway

Homes in Grand Haven Charter Township have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in Grand Haven Charter Township was $349,966 in March 2024, up 1.5% from last year, and the median price per square foot was $251.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $210K$290K
+38.1%
2 $239K$270K
+13.0%
3 $330K$325K
-1.5%
4 $414K$405K
-2.2%
5+ $479.2K$499.9K
+4.3%

Summary: Grand Haven Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.1%, 2 bedroom homes increased by 13%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 4.3%.

Median Sold Price Compared To Nearby Cities

Grand Haven
+15.3%
Spring Lake
+9.6%
Spring Lake Township
+5.3%
Grand Haven Charter Township
+1.5%

Housing Supply in Grand Haven Charter Township, MI

How many homes are available in Grand Haven Charter Township, MI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
8190+11.1%

Summary: The Grand Haven Charter Township real estate market had 90 homes for sale in March 2024, a 11.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 1621
+31.3%
3 2736
+33.3%
4 2821
-25.0%
5+ 810
+25.0%

Summary: The Grand Haven Charter Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2924-17.2%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grand Haven Charter Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 24 homes were sold or pending in Grand Haven Charter Township in March 2024, down by 17.2% month-over-month. Of the 24 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% were sold over asking.

Days on Market for Grand Haven Charter Township, MI

How long does it take to sell a home in Grand Haven Charter Township, MI?

Average Sale Time

Mar 2023Mar 2024CHANGE
32 Days108 Days+233.4%

Summary: Homes in Grand Haven Charter Township had an average of 108 days on market in Mar 2024, up by 233.4% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 24 homes were sold in Grand Haven Charter Township; 42% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 42% 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 17 Days Ago

Newest Listings in Grand Haven Charter Township, MI

Nearby Markets to Grand Haven Charter Township, MI

What housing markets are near Grand Haven Charter Township, MI?