Is Gratiot County, 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, Gratiot County was a Seller's Market.
Key Takeaway
Gratiot County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Gratiot County, MI
How much do homes in Gratiot County, MI cost?
Median Sold Price
$160,000
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Gratiot County have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Gratiot County was $160,000 in March 2024, down 1.5% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $44K | $130K | +195.5% |
| 2 Bedrooms | $115K | $126K | +9.6% |
| 3 Bedrooms | $146K | $165K | +13.0% |
| 4 Bedrooms | $189.9K | $174K | -8.4% |
| 5+ Bedrooms | $208.9K | $250K | +19.6% |
Summary: Gratiot County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 195.5%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes increased by 19.6%.
Median Sold Price Compared To Nearby Counties
| Midland County | $201K | $223.5K | +11.2% |
| Saginaw County | $142.9K | $155K | +8.5% |
| Isabella County | $170K | $180K | +5.9% |
| Shiawassee County | $175K | $175.7K | 0.4% |
| Gratiot County | $162.5K | $160K | -1.5% |
Housing Supply in Gratiot County, MI
How many homes are available in Gratiot County, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 98 | 108 | +10.2% |
Summary: The Gratiot County real estate market had 108 homes for sale in March 2024, a 10.2% 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 | 17 | 20 | +17.6% |
| 3 Bedrooms | 61 | 62 | +1.6% |
| 4 Bedrooms | 16 | 20 | +25.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Gratiot County 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 17.6%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 18 | -18.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gratiot County, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in Gratiot County in March 2024, down by 18.2% month-over-month. Of the 15 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Gratiot County, MI
How long does it take to sell a home in Gratiot County, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 107 Days | 45 Days | -57.5% |
Summary: Homes in Gratiot County had an average of 45 days on market in Mar 2024, down by 57.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Gratiot County has remained consistent over time.
Summary: During March 2024, 18 homes were sold in Gratiot County; 39% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 11% 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.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.