Is Grandmont, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Grandmont was a Seller's Market.
Key Takeaway
Grandmont is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Grandmont, MI
How much do homes in Grandmont, MI cost?
Median Sold Price
$84,750
$68/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Grandmont have sold for 4.8% less than they did a year ago.
Summary: The median home sold price in Grandmont was $84,750 in March 2024, down 4.8% from last year, and the median price per square foot was $68.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $50K | $44K | -12.0% |
| 3 Bedrooms | $90K | $85K | -5.6% |
| 4 Bedrooms | $110K | $125K | +13.6% |
| 5+ Bedrooms | $99K | $120K | +21.2% |
Summary: Grandmont housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 21.2%.
Median Sold Price Compared To Nearby Neighborhoods
| West Central | $55K | $63K | +14.5% |
| Harmony VIllage | $70K | $68.3K | -2.4% |
| Grandmont | $89K | $84.7K | -4.8% |
| Belmont | $70K | $58K | -17.1% |
Housing Supply in Grandmont, MI
How many homes are available in Grandmont, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 154 | 171 | +11.0% |
Summary: The Grandmont real estate market had 171 homes for sale in March 2024, a 11.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 116 | 123 | +6.0% |
| 4 Bedrooms | 26 | 31 | +19.2% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Grandmont housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 23 | -11.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grandmont, you may be able to get a good deal. 39.1% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Grandmont in March 2024, down by 11.5% month-over-month. Of the 23 sold homes, 39% were sold under asking, 39% were sold at asking, and 22% were sold over asking.
Days on Market for Grandmont, MI
How long does it take to sell a home in Grandmont, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 48 Days | +7.4% |
Summary: Homes in Grandmont had an average of 48 days on market in Mar 2024, up by 7.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grandmont are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 23 homes were sold in Grandmont; 52% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.