Is Grant Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grant Township is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Grant Township was a Seller's Market.

Key Takeaway

Grant Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Grant Township, MI

How much do homes in Grant Township, MI cost?

Median Sold Price

$250,000

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$30,500(+13.9%)

Key Takeaway

Homes in Grant Township have sold for 13.9% more than they did a year ago.

Summary: The median home sold price in Grant Township was $250,000 in September 2024, up 13.9% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $120K$175K
+45.8%
2 $170K$170K
0.0%
3 $219.5K$246.7K
+12.4%
4 $245K$322.4K
+31.6%
5+ $330K$375K
+13.6%

Summary: Grant Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.8%, 2 bedroom homes did not change, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes increased by 13.6%.

Median Sold Price Compared To Nearby Cities

Grant Township
+13.9%
Green Lake Township
+3.9%

Housing Supply in Grant Township, MI

How many homes are available in Grant Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2637+42.3%

Summary: The Grant Township real estate market had 37 homes for sale in September 2024, a 42.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 01
+100.0%
2 67
+16.7%
3 1016
+60.0%
4 710
+42.9%
5+ 33
0.0%

Summary: The Grant Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grant Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Grant Township in September 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% 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

Sep 2023Sep 2024CHANGE
23 Days34 Days+49.4%

Summary: Homes in Grant Township had an average of 34 days on market in Sep 2024, up by 49.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Grant Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 5 homes were sold in Grant Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Grant Township, MI

Nearby Markets to Grant Township, MI

What housing markets are near Grant Township, MI?