Is Goodrich, 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, Goodrich was a Neutral Market.
Housing Prices in Goodrich, MI
How much do homes in Goodrich, MI cost?
Median Sold Price
$330,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Goodrich was $330,000 in April 2024, up 8.7% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $205K | $230K | +12.2% |
3 Bedrooms | $298.7K | $288.9K | -3.3% |
4 Bedrooms | $398.5K | $387K | -2.9% |
5+ Bedrooms | $389K | $499K | +28.3% |
Summary: Goodrich housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.2%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 28.3%.
Median Sold Price Compared To Nearby Cities
Goodrich | $303.5K | $330K | +8.7% |
Atlas Township | $308K | $312.5K | +1.5% |
Housing Supply in Goodrich, MI
How many homes are available in Goodrich, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 18 | +50.0% |
Summary: The Goodrich real estate market had 18 homes for sale in April 2024, a 50.0% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Goodrich 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 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Goodrich in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Goodrich, MI
How long does it take to sell a home in Goodrich, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 14 Days | -19.4% |
Summary: Homes in Goodrich had an average of 14 days on market in Apr 2024, down by 19.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Goodrich; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.