Is Gaines Charter Township, 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, Gaines Charter Township has remained a Seller's Market.
Housing Prices in Gaines Charter Township, MI
How much do homes in Gaines Charter Township, MI cost?
Median Sold Price
$361,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gaines Charter Township was $361,000 in April 2024, up 6.2% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $345K | $225K | -34.8% |
2 Bedrooms | $270K | $299.9K | +11.1% |
3 Bedrooms | $320K | $345K | +7.8% |
4 Bedrooms | $379K | $407.4K | +7.5% |
5+ Bedrooms | $485K | $470K | -3.1% |
Summary: Gaines Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.8%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Cities
Byron Township | $374.4K | $410.2K | +9.5% |
Caledonia | $359.9K | $391.6K | +8.8% |
Gaines Charter Township | $340K | $361K | +6.2% |
Kentwood | $290.8K | $308.7K | +6.2% |
Byron Center | $416.1K | $433.5K | +4.2% |
Housing Supply in Gaines Charter Township, MI
How many homes are available in Gaines Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
74 | 78 | +5.4% |
Summary: The Gaines Charter Township real estate market had 78 homes for sale in April 2024, a 5.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 14 | 12 | -14.3% |
3 Bedrooms | 34 | 34 | 0.0% |
4 Bedrooms | 18 | 21 | +16.7% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Gaines Charter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 19 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Gaines Charter Township in April 2024, the same as the previous month. Of the 19 sold homes, 37% were sold under asking, 16% were sold at asking, and 47% were sold over asking.
Days on Market for Gaines Charter Township, MI
How long does it take to sell a home in Gaines Charter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
9 Days | 24 Days | +150.1% |
Summary: Homes in Gaines Charter Township had an average of 24 days on market in Apr 2024, up by 150.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Gaines Charter Township; 84% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.