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

Housing Market Conditions

Neutral
Market

Seller's
Market

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

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

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

Median Sold Price

$440,000

$243/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$15,000(+3.5%)

Key Takeaway

Homes in Grand Rapids Charter Township have sold for 3.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$335K
N/A
2 $261.9K$282.4K
+7.8%
3 $307K$340K
+10.7%
4 $495K$522K
+5.5%
5+ $671K$690K
+2.8%

Median Sold Price Compared To Nearby Cities

East Grand Rapids
+22.4%
Ada Township
+16.4%
Grand Rapids
+11.5%
Plainfield Charter Township
+5.0%
Grand Rapids Charter Township
+3.5%

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

Number of Homes For Sale

Oct 2022Nov 2022%
7872-7.7%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 1010
0.0%
3 2726
-3.7%
4 2518
-28.0%
5+ 1618
+12.5%

Number of Homes Sold

Oct 2022Nov 2022%
17170.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grand Rapids Charter Township, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.

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

About Grand Rapids Charter Township, MI

Grand Rapids Charter Township, MI has 72 homes on the market. Between October 2022 and November 2022, Grand Rapids Charter Township, MI real estate market has seen decrease in the number of listings by 7.7%. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, 2 bedrooms properties prices increased by 7.8%, prices of 3 bedrooms properties increased by 10.7%, 4 bedrooms properties prices increased by 5.5%, prices of 5 bedrooms properties increased by 2.8%. This housing market inventory have changed: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes have not changed, 3 bedrooms homes inventory decreased by 3.7%, 4 bedrooms homes became 28% less available, volume of 5 bedrooms homes went up by 12.5%. In November 2022, from all listings sold in Grand Rapids Charter Township, MI there were more than 4 sold above asking price, over 12 sold below and more than 1 were sold right at the asked price.

Related Housing Market Reports