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 neutral'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

-$2,500(-1.5%)

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

# BEDSMar 2023Mar 2024CHANGE
1 $44K$130K
+195.5%
2 $115K$126K
+9.6%
3 $146K$165K
+13.0%
4 $189.9K$174K
-8.4%
5+ $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
+11.2%
Saginaw County
+8.5%
Isabella County
+5.9%
Shiawassee County
0.4%
Gratiot County
-1.5%

Housing Supply in Gratiot County, MI

How many homes are available in Gratiot County, MI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
98108+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

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 1720
+17.6%
3 6162
+1.6%
4 1620
+25.0%
5+ 35
+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 2024Mar 2024CHANGE
2218-18.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Mar 2024CHANGE
107 Days45 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

Breakdown of Home Sale Times

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.

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

Report Updated 22 Days Ago

Newest Listings in Gratiot County, MI

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