Is Gratiot County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
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.
Housing Prices in Gratiot County, MI
How much do homes in Gratiot County, MI cost?
Median Sold Price
$162,650
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Gratiot County have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Gratiot County was $162,650 in June 2024, up 1.7% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $57K | $130K | +128.1% |
| 2 Bedrooms | $115K | $126K | +9.6% |
| 3 Bedrooms | $161K | $165K | +2.5% |
| 4 Bedrooms | $163K | $199.9K | +22.7% |
| 5+ Bedrooms | $235K | $246.5K | +4.9% |
Summary: Gratiot County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 128.1%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Counties
| Midland County | $196K | $221K | +12.8% |
| Saginaw County | $143K | $159.9K | +11.8% |
| Isabella County | $179.9K | $185.4K | +3.1% |
| Shiawassee County | $175K | $180K | +2.9% |
| Gratiot County | $160K | $162.6K | +1.7% |
Housing Supply in Gratiot County, MI
How many homes are available in Gratiot County, MI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 138 | 143 | +3.6% |
Summary: The Gratiot County real estate market had 143 homes for sale in June 2024, a 3.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 19 | 19 | 0.0% |
| 3 Bedrooms | 81 | 82 | +1.2% |
| 4 Bedrooms | 28 | 30 | +7.1% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Gratiot County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 30 | 44 | +46.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gratiot County, you could pay more than the asking price. 38.6% of homes here sold above asking price last month.
Summary: A total of 44 homes were sold or pending in Gratiot County in June 2024, up by 46.7% month-over-month. Of the 44 sold homes, 36% were sold under asking, 25% were sold at asking, and 39% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 61 Days | 60 Days | -2.6% |
Summary: Homes in Gratiot County had an average of 60 days on market in Jun 2024, down by 2.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Gratiot County has remained consistent over time.
Summary: During June 2024, 44 homes were sold in Gratiot County; 27% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 18% 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.
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. 
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.