Is Gerrish Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Gerrish Township was a Seller's Market.
Key Takeaway
Gerrish Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Gerrish Township, MI
How much do homes in Gerrish Township, MI cost?
Median Sold Price
$258,750
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Gerrish Township have sold for 36.5% more than they did a year ago.
Summary: The median home sold price in Gerrish Township was $258,750 in April 2024, up 36.5% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $139K | $110K | -20.9% |
| 2 Bedrooms | $166K | $165K | -0.6% |
| 3 Bedrooms | $195.5K | $280K | +43.2% |
| 4 Bedrooms | $200K | $448.5K | +124.3% |
| 5+ Bedrooms | $724.5K | $1.7M | +138.1% |
Summary: Gerrish Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.9%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 43.2%, 4 bedroom homes increased by 124.3%, and 5+ bedroom homes increased by 138.1%.
Median Sold Price Compared To Nearby Cities
| Gerrish Township | $189.5K | $258.7K | +36.5% |
| Beaver Creek Township | $174.9K | $199.2K | +13.9% |
| South Branch Township | $182.5K | $168.7K | -7.5% |
Housing Supply in Gerrish Township, MI
How many homes are available in Gerrish Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 26 | +30.0% |
Summary: The Gerrish Township real estate market had 26 homes for sale in April 2024, a 30.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 2 | 6 | +200.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Gerrish Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gerrish Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Gerrish Township in April 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Gerrish Township, MI
We’re sorry, we don't have information for this market at the moment
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