Is Grandale / Brooks, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Grandale / Brooks was a Seller's Market.
Key Takeaway
Grandale / Brooks is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Grandale / Brooks, MI
How much do homes in Grandale / Brooks, MI cost?
Median Sold Price
$60,000
$59/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Grandale / Brooks have sold for 15.4% more than they did a year ago.
Summary: The median home sold price in Grandale / Brooks was $60,000 in April 2024, up 15.4% from last year, and the median price per square foot was $59.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $36K | N/A |
| 2 Bedrooms | $37.5K | $49K | +30.7% |
| 3 Bedrooms | $54.5K | $63K | +15.6% |
| 4 Bedrooms | $61K | $83K | +36.1% |
| 5+ Bedrooms | $90K | $177K | +96.7% |
Summary: Grandale / Brooks housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.7%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 36.1%, and 5+ bedroom homes increased by 96.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Oakman Grove | $167.5K | $230K | +37.3% |
| Grandale | $44K | $57.2K | +30.1% |
| West Central | $55K | $64K | +16.4% |
| Grandale / Brooks | $52K | $60K | +15.4% |
| Fiskorn | $50K | $52K | +4.0% |
Housing Supply in Grandale / Brooks, MI
How many homes are available in Grandale / Brooks, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 92 | 95 | +3.3% |
Summary: The Grandale / Brooks real estate market had 95 homes for sale in April 2024, a 3.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 28 | 28 | 0.0% |
| 3 Bedrooms | 56 | 58 | +3.6% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Grandale / Brooks housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 13 | -35.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Grandale / Brooks, you may be able to get a good deal. 84.6% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Grandale / Brooks in April 2024, down by 35.0% month-over-month. Of the 13 sold homes, 85% were sold under asking, 8% were sold at asking, and 8% were sold over asking.
Days on Market for Grandale / Brooks, MI
How long does it take to sell a home in Grandale / Brooks, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 72 Days | 48 Days | -33.2% |
Summary: Homes in Grandale / Brooks had an average of 48 days on market in Apr 2024, down by 33.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Grandale / Brooks has remained consistent over time.
Summary: During April 2024, 13 homes were sold in Grandale / Brooks; 38% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.