Is Gregory, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gregory is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Gregory, MI

How much do homes in Gregory, MI cost?

Median Sold Price

$323,500

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$56,005(+20.9%)

Key Takeaway

Homes in Gregory have sold for 20.9% more than they did a year ago.

Summary: The median home sold price in Gregory was $323,500 in May 2024, up 20.9% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$169K
N/A
2 $191K$203K
+6.3%
3 $269.9K$325K
+20.4%
4 $450K$508K
+12.9%
5+ $336.5K$435K
+29.3%

Summary: Gregory housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 20.4%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 29.3%.

Median Sold Price Compared To Nearby Cities

Gregory
+20.9%
Lyndon Township
+11.8%
Dexter Township
+10.0%
Putnam Township
+7.6%
Unadilla Township
+7.4%

Housing Supply in Gregory, MI

How many homes are available in Gregory, MI?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2330+30.4%

Summary: The Gregory real estate market had 30 homes for sale in May 2024, a 30.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 89
+12.5%
3 1012
+20.0%
4 46
+50.0%
5+ 13
+200.0%

Summary: The Gregory housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Apr 2024May 2024CHANGE
18+700.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gregory, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Gregory in May 2024, up by 700.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Gregory, MI

How long does it take to sell a home in Gregory, MI?

Average Sale Time

May 2023May 2024CHANGE
43 Days27 Days-36.6%

Summary: Homes in Gregory had an average of 27 days on market in May 2024, down by 36.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Gregory are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 8 homes were sold in Gregory; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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 13 Days Ago

Newest Listings in Gregory, MI

Nearby Markets to Gregory, MI

What housing markets are near Gregory, MI?