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.
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
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
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
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.