Is Grayling Charter 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, Grayling Charter Township was a Seller's Market.
Housing Prices in Grayling Charter Township, MI
How much do homes in Grayling Charter Township, MI cost?
Median Sold Price
$186,250
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Grayling Charter Township was $186,250 in March 2024, up 21.7% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $92.5K | -28.8% |
2 Bedrooms | $120K | $150.3K | +25.3% |
3 Bedrooms | $172.5K | $210K | +21.7% |
4 Bedrooms | $255K | $216.2K | -15.2% |
5+ Bedrooms | $209.4K | $408K | +94.8% |
Summary: Grayling Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.8%, 2 bedroom homes increased by 25.3%, 3 bedroom homes increased by 21.7%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes increased by 94.8%.
Median Sold Price Compared To Nearby Cities
Frederic Township | $179.5K | $245K | +36.5% |
Grayling | $137.7K | $186.2K | +35.2% |
Frederic | $199.4K | $251.2K | +26.0% |
Grayling Charter Township | $153K | $186.2K | +21.7% |
Housing Supply in Grayling Charter Township, MI
How many homes are available in Grayling Charter Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 37 | +8.8% |
Summary: The Grayling Charter Township real estate market had 37 homes for sale in March 2024, a 8.8% 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 | 9 | 12 | +33.3% |
3 Bedrooms | 19 | 19 | 0.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Grayling Charter 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Grayling Charter Township in March 2024, down by 25.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Grayling Charter Township, MI
How long does it take to sell a home in Grayling Charter Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
6 Days | 31 Days | +416.7% |
Summary: Homes in Grayling Charter Township had an average of 31 days on market in Mar 2024, up by 416.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Grayling Charter Township; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.