$4,453 Closing Credit*
$375,000
1,736 SqFt
3 Beds
•3 Full Baths
Tayla Johnson, Listing Office: KW Realty Livingston
Is Grass Lake Charter Township, 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, Grass Lake Charter Township has remained a Seller's Market.
Key Takeaway
Grass Lake Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grass Lake Charter Township, MI
How much do homes in Grass Lake Charter Township, MI cost?
Median Sold Price
$332,400
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$2,400(+0.7%)
Key Takeaway
Homes in Grass Lake Charter Township have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Grass Lake Charter Township was $332,400 in August 2024, up 0.7% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $325K | N/A |
| 2 Bedrooms | $192K | $172.7K | -10.0% |
| 3 Bedrooms | $337.4K | $324K | -4.0% |
| 4 Bedrooms | $397.5K | $452K | +13.7% |
| 5+ Bedrooms | $455K | $505K | +11.0% |
Summary: Grass Lake Charter Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 11%.
Median Sold Price Compared To Nearby Cities
| Sylvan Township | $407.1K | $438.7K | +7.8% |
| Grass Lake | $320.2K | $334.8K | +4.6% |
| Grass Lake Charter Township | $330K | $332.4K | +0.7% |
Housing Supply in Grass Lake Charter Township, MI
How many homes are available in Grass Lake Charter Township, MI?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 41 | 45 | +9.8% |
Summary: The Grass Lake Charter Township real estate market had 45 homes for sale in August 2024, a 9.8% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 16 | 21 | +31.3% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Grass Lake Charter Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 31.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grass Lake Charter Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Grass Lake Charter Township in August 2024, down by 25.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Grass Lake Charter Township, MI
How long does it take to sell a home in Grass Lake Charter Township, MI?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 41 Days | 60 Days | +46.0% |
Summary: Homes in Grass Lake Charter Township had an average of 60 days on market in Aug 2024, up by 46% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Grass Lake Charter Township has remained consistent over time.
Summary: During August 2024, 9 homes were sold in Grass Lake Charter Township; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.