Is West Grand, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, West Grand has remained a Seller's Market.
Key Takeaway
West Grand is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Grand, MI
How much do homes in West Grand, MI cost?
Median Sold Price
$250,750
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West Grand have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in West Grand was $250,750 in April 2024, up 11.4% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227.5K | $254.9K | +12.1% |
| 2 Bedrooms | $217.2K | $255.5K | +17.6% |
| 3 Bedrooms | $225.4K | $244.5K | +8.5% |
| 4 Bedrooms | $223.5K | $255K | +14.1% |
| 5+ Bedrooms | $255K | $299K | +17.3% |
Summary: West Grand housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 17.3%.
Median Sold Price Compared To Nearby Neighborhoods
| South West Area Neighbors | $183.5K | $232.5K | +26.7% |
| Belknap Lookout | $220.5K | $254.5K | +15.4% |
| John Ball Park | $250K | $285K | +14.0% |
| West Grand | $225K | $250.7K | +11.4% |
| Creston | $245K | $272.1K | +11.1% |
Housing Supply in West Grand, MI
How many homes are available in West Grand, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 50 | +38.9% |
Summary: The West Grand real estate market had 50 homes for sale in April 2024, a 38.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 5 | +400.0% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 17 | 22 | +29.4% |
| 4 Bedrooms | 2 | 6 | +200.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The West Grand housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 400%, 2 bedroom homes remained the same, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Grand, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in West Grand in April 2024, up by 30.0% month-over-month. Of the 13 sold homes, 23% were sold under asking, 0% were sold at asking, and 77% were sold over asking.
Days on Market for West Grand, MI
How long does it take to sell a home in West Grand, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 79 Days | 52 Days | -34.2% |
Summary: Homes in West Grand had an average of 52 days on market in Apr 2024, down by 34.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Grand are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in West Grand; 77% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
