Is Grattan Township, 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, Grattan Township was a Seller's Market.
Key Takeaway
Grattan Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Grattan Township, MI
How much do homes in Grattan Township, MI cost?
Median Sold Price
$469,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Grattan Township have sold for 34% more than they did a year ago.
Summary: The median home sold price in Grattan Township was $469,000 in March 2024, up 34% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $170K | N/A |
| 2 Bedrooms | $250K | $234K | -6.4% |
| 3 Bedrooms | $257K | $372.5K | +44.9% |
| 4 Bedrooms | $380K | $572K | +50.5% |
| 5+ Bedrooms | $695K | $562.5K | -19.1% |
Summary: Grattan Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.4%, 3 bedroom homes increased by 44.9%, 4 bedroom homes increased by 50.5%, and 5+ bedroom homes decreased by 19.1%.
Median Sold Price Compared To Nearby Cities
| Grattan Township | $349.9K | $469K | +34.0% |
| Otisco Township | $215K | $278K | +29.3% |
| Ada | $575K | $600K | +4.3% |
| Oakfield Township | $315K | $322K | +2.2% |
| Eureka Township | $290K | $275.9K | -4.9% |
Housing Supply in Grattan Township, MI
How many homes are available in Grattan Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Summary: The Grattan Township real estate market had 9 homes for sale in March 2024, a 10.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Grattan Township 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 decreased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grattan Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Grattan Township in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Grattan Township, MI
How long does it take to sell a home in Grattan Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 22 Days | -26.7% |
Summary: Homes in Grattan Township had an average of 22 days on market in Mar 2024, down by 26.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grattan Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 homes were sold in Grattan Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
