Is Grandville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Grandville has remained a Seller's Market.
Housing Prices in Grandville, MI
How much do homes in Grandville, MI cost?
Median Sold Price
$341,055
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Grandville was $341,055 in February 2024, up 17.2% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $375K | N/A |
2 Bedrooms | $234.5K | $261.1K | +11.3% |
3 Bedrooms | $283.5K | $321.4K | +13.4% |
4 Bedrooms | $345K | $360K | +4.3% |
5+ Bedrooms | $430K | $575K | +33.7% |
Summary: Grandville housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 33.7%.
Housing Supply in Grandville, MI
How many homes are available in Grandville, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
53 | 43 | -18.9% |
Summary: The Grandville real estate market had 43 homes for sale in February 2024, a 18.9% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 13 | 8 | -38.5% |
3 Bedrooms | 22 | 22 | 0.0% |
4 Bedrooms | 15 | 9 | -40.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Grandville housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 38.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
19 | 19 | 0.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Grandville in February 2024, the same as the previous month. Of the 19 sold homes, 68% were sold under asking, 11% were sold at asking, and 21% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
16 Days | 46 Days | +184.9% |
Summary: Homes in Grandville had an average of 46 days on market in Feb 2024, up by 184.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 19 homes were sold in Grandville; 53% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.