Is Gowen, 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, Gowen has remained a Seller's Market.
Key Takeaway
Gowen is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gowen, MI
How much do homes in Gowen, MI cost?
Median Sold Price
$250,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Gowen have sold for 13.8% less than they did a year ago.
Summary: The median home sold price in Gowen was $250,000 in April 2024, down 13.8% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $133.5K | +11.3% |
| 2 Bedrooms | $195K | $170K | -12.8% |
| 3 Bedrooms | $320K | $263K | -17.8% |
| 4 Bedrooms | $305.2K | $405K | +32.7% |
| 5+ Bedrooms | $380K | $389.2K | +2.4% |
Summary: Gowen housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes decreased by 12.8%, 3 bedroom homes decreased by 17.8%, 4 bedroom homes increased by 32.7%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
| Montcalm Township | $217.2K | $269K | +23.8% |
| Trufant | $239.9K | $278K | +15.9% |
| Spencer Township | $269.9K | $296.5K | +9.9% |
| Oakfield Township | $314K | $325K | +3.5% |
| Gowen | $290K | $250K | -13.8% |
Housing Supply in Gowen, MI
How many homes are available in Gowen, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 9 | -40.0% |
Summary: The Gowen real estate market had 9 homes for sale in April 2024, a 40.0% decrease 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 8 | 5 | -37.5% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Gowen 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 decreased by 33.3%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Gowen, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Gowen in April 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Gowen, MI
How long does it take to sell a home in Gowen, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 119 Days | 41 Days | -65.1% |
Summary: Homes in Gowen had an average of 41 days on market in Apr 2024, down by 65.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gowen are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Gowen; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.