$3,086 Closing Credit*
$259,900
956 SqFt
3 Beds
•2 Full Baths
Lindsay J VanDuinen-Scully, Listing Office: RE/MAX of Grand Rapids (FH)
Is Grandville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Grandville has remained a Seller's Market.
Key Takeaway
Grandville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grandville, MI
How much do homes in Grandville, MI cost?
Median Sold Price
$349,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$19,000(+5.8%)
Key Takeaway
Homes in Grandville have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Grandville was $349,000 in August 2024, up 5.8% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | $261.2K | -30.3% |
| 2 Bedrooms | $258.6K | $260K | 0.5% |
| 3 Bedrooms | $309.9K | $335K | +8.1% |
| 4 Bedrooms | $360K | $408.5K | +13.5% |
| 5+ Bedrooms | $540K | $604.9K | +12.0% |
Summary: Grandville housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.3%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 12%.
Housing Supply in Grandville, MI
How many homes are available in Grandville, MI?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 94 | 87 | -7.4% |
Summary: The Grandville real estate market had 87 homes for sale in August 2024, a 7.4% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 17 | 14 | -17.6% |
| 3 Bedrooms | 40 | 38 | -5.0% |
| 4 Bedrooms | 27 | 23 | -14.8% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Grandville housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 17.6%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 37 | 30 | -18.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grandville, you may be able to get a good deal. 36.7% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Grandville in August 2024, down by 18.9% month-over-month. Of the 30 sold homes, 37% were sold under asking, 27% were sold at asking, and 37% were sold over asking.
Days on Market for Grandville, MI
How long does it take to sell a home in Grandville, MI?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 12 Days | 18 Days | +46.5% |
Summary: Homes in Grandville had an average of 18 days on market in Aug 2024, up by 46.5% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Grandville are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 30 homes were sold in Grandville; 93% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
