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 April 2023
At the same time last year, Grass Lake Charter Township was a Seller's Market.
Housing Prices in Grass Lake Charter Township, MI
How much do homes in Grass Lake Charter Township, MI cost?
Median Sold Price
$310,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Grass Lake Charter Township was $310,000 in April 2024, down 14.2% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235K | $275.5K | +17.2% |
2 Bedrooms | $202.5K | $192K | -5.2% |
3 Bedrooms | $363.5K | $310.4K | -14.6% |
4 Bedrooms | $361.5K | $420K | +16.2% |
5+ Bedrooms | $395K | $542.7K | +37.4% |
Summary: Grass Lake Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.2%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes decreased by 14.6%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 37.4%.
Median Sold Price Compared To Nearby Cities
Sylvan Township | $433.1K | $420K | -3.0% |
Grass Lake | $354.7K | $305K | -14.0% |
Grass Lake Charter Township | $361.2K | $310K | -14.2% |
Housing Supply in Grass Lake Charter Township, MI
How many homes are available in Grass Lake Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 27 | 0.0% |
Summary: The Grass Lake Charter Township real estate market had 27 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 11 | 12 | +9.1% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Grass Lake Charter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 4 | -60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Grass Lake Charter Township in April 2024, down by 60.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
61 Days | 23 Days | -62.3% |
Summary: Homes in Grass Lake Charter Township had an average of 23 days on market in Apr 2024, down by 62.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Grass Lake Charter Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.