Is Gratiot County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gratiot County is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Gratiot County has remained a Seller's Market.

Key Takeaway

Gratiot County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Gratiot County, MI cost?

Median Sold Price

$145,000

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$18,500(+14.6%)

Key Takeaway

Homes in Gratiot County have sold for 14.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $55.5K$60K
+8.1%
2 $94.5K$91.2K
-3.4%
3 $130K$145.2K
+11.8%
4 $154.9K$185K
+19.4%
5+ $160K$210.5K
+31.6%

Median Sold Price Compared To Nearby Counties

Midland County
+16.8%
Gratiot County
+14.6%
Isabella County
+12.9%
Montcalm County
+11.1%
Clinton County
+6.2%

How many homes are available in Gratiot County, MI?

Number of Homes For Sale

Aug 2022Sep 2022%
135153+13.3%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 11
0.0%
2 1826
+44.4%
3 7984
+6.3%
4 3032
+6.7%
5+ 710
+42.9%

Number of Homes Sold

Aug 2022Sep 2022%
2940+37.9%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gratiot County, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
65 Days76 Days+16.3%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Gratiot County has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Gratiot County, MI

Gratiot County, MI has 153 homes for sale to choose from. In September 2022 in Gratiot County, MI there were 13.3% more homes for sale than in August 2022. While the average time on the market in September 2022 was 76 days, the median list price was $145,000. Listing prices have changed in this real estate market between August 2022 and September 2022: 1 bedroom properties became 8.1% more expensive, prices of 2 bedrooms properties decreased by 3.4%, 3 bedrooms properties prices increased by 11.8%, 4 bedrooms properties prices increased by 19.4%, the cost of 5 bedrooms properties went up by 31.6%. This housing market inventory have changed: 1 bedroom homes did not move, number of 2 bedrooms homes increased by 44.4%, volume of 3 bedrooms homes went up by 6.3%, the quantity of 4 bedrooms homes went up by 6.7%, volume of 5 bedrooms homes went up by 42.9%. Gratiot County, MI housing market in September 2022 saw over 12 listings sold above listed price, more than 9 sold at listed price and over 18 sold below.

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