Is Grant Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Grant Township has remained a Seller's Market.
Key Takeaway
Grant Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grant Township, MI
How much do homes in Grant Township, MI cost?
Median Sold Price
$236,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Grant Township have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Grant Township was $236,000 in March 2024, up 10.8% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $74.9K | N/A |
| 2 Bedrooms | $191.5K | $186.5K | -2.6% |
| 3 Bedrooms | $237.5K | $231.7K | -2.4% |
| 4 Bedrooms | $180K | $289.9K | +61.1% |
| 5+ Bedrooms | $238.5K | $332.5K | +39.4% |
Summary: Grant Township 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 2.6%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 61.1%, and 5+ bedroom homes increased by 39.4%.
Median Sold Price Compared To Nearby Cities
| Grant Township | $213K | $236K | +10.8% |
| Benton Township | $269.2K | $255K | -5.3% |
Housing Supply in Grant Township, MI
How many homes are available in Grant Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +15.8% |
Summary: The Grant Township real estate market had 22 homes for sale in March 2024, a 15.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Grant Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 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 Grant Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Grant Township in March 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Grant Township, MI
How long does it take to sell a home in Grant Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 61 Days | 28 Days | -54.5% |
Summary: Homes in Grant Township had an average of 28 days on market in Mar 2024, down by 54.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grant Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Grant Township; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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