Is Gladwin County, 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, Gladwin County was a Buyer's Market.
Key Takeaway
Gladwin County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gladwin County, MI
How much do homes in Gladwin County, MI cost?
Median Sold Price
$170,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Gladwin County have sold for 5.3% less than they did a year ago.
Summary: The median home sold price in Gladwin County was $170,000 in April 2024, down 5.3% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118K | $65K | -44.9% |
| 2 Bedrooms | $128.5K | $127.5K | -0.8% |
| 3 Bedrooms | $195K | $209.5K | +7.4% |
| 4 Bedrooms | $253K | $340K | +34.4% |
| 5+ Bedrooms | $313.5K | $485K | +54.7% |
Summary: Gladwin County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.9%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 34.4%, and 5+ bedroom homes increased by 54.7%.
Median Sold Price Compared To Nearby Counties
| Midland County | $200K | $224.3K | +12.2% |
| Clare County | $128K | $133K | +3.9% |
| Bay County | $135.2K | $140K | +3.5% |
| Gladwin County | $179.5K | $170K | -5.3% |
Housing Supply in Gladwin County, MI
How many homes are available in Gladwin County, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 67 | 102 | +52.2% |
Summary: The Gladwin County real estate market had 102 homes for sale in April 2024, a 52.2% 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 | 16 | 25 | +56.3% |
| 3 Bedrooms | 37 | 55 | +48.6% |
| 4 Bedrooms | 11 | 18 | +63.6% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Gladwin County 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 increased by 56.3%, 3 bedroom homes increased by 48.6%, 4 bedroom homes increased by 63.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 24 | +242.9% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gladwin County, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Gladwin County in April 2024, up by 242.9% month-over-month. Of the 24 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Gladwin County, MI
How long does it take to sell a home in Gladwin County, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 6 Days | 92 Days | +1442.0% |
Summary: Homes in Gladwin County had an average of 92 days on market in Apr 2024, up by 1442% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gladwin County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 24 homes were sold in Gladwin County; 46% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.
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