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 March 2023
At the same time last year, Grass Lake Charter Township was a Buyer'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
$330,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Grass Lake Charter Township have sold for 8.7% less than they did a year ago.
Summary: The median home sold price in Grass Lake Charter Township was $330,000 in March 2024, down 8.7% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $275.5K | +17.2% |
| 2 Bedrooms | $205K | $192K | -6.3% |
| 3 Bedrooms | $363.1K | $330K | -9.1% |
| 4 Bedrooms | $361.7K | $420.2K | +16.2% |
| 5+ Bedrooms | $392.4K | $480K | +22.3% |
Summary: Grass Lake Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.2%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 22.3%.
Median Sold Price Compared To Nearby Cities
| Sylvan Township | $427.8K | $425K | -0.7% |
| Grass Lake | $357.1K | $330K | -7.6% |
| Grass Lake Charter Township | $361.3K | $330K | -8.7% |
Housing Supply in Grass Lake Charter Township, MI
How many homes are available in Grass Lake Charter Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 26 | +100.0% |
Summary: The Grass Lake Charter Township real estate market had 26 homes for sale in March 2024, a 100.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 5 | 11 | +120.0% |
| 4 Bedrooms | 6 | 10 | +66.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Grass Lake Charter 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 200%, 3 bedroom homes increased by 120%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 7 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 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. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Grass Lake Charter Township in March 2024, up by 100.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% 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?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 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 March 2024, 7 homes were sold in Grass Lake Charter Township; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.