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 seller's market

Buyer's
Market

Difference Since February 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

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$23,000(+10.8%)

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 February 2024, up 10.8% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$74.9K
N/A
2 $137.4K$164.5K
+19.7%
3 $237.5K$231.7K
-2.4%
4 $275K$277.9K
+1.1%
5+ $346K$330K
-4.6%

Summary: Grant Township 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 19.7%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 4.6%.

Housing Supply in Grant Township, MI

How many homes are available in Grant Township, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1819+5.6%

Summary: The Grant Township real estate market had 19 homes for sale in February 2024, a 5.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1413
-7.1%
4 03
+100.0%
5+ 21
-50.0%

Summary: The Grant Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was 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. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Grant Township in February 2024, down by 20.0% month-over-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

Feb 2023Feb 2024CHANGE
18 Days16 Days-10.8%

Summary: Homes in Grant Township had an average of 16 days on market in Feb 2024, down by 10.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was 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 February 2024, 4 homes were sold in Grant Township; 75% 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.

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

Report Updated 27 Days Ago

Newest Listings in Grant Township, MI

Nearby Markets to Grant Township, MI

What housing markets are near Grant Township, MI?