Is Grand Beach, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Grand Beach was a Buyer's Market.
Key Takeaway
Grand Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grand Beach, MI
How much do homes in Grand Beach, MI cost?
Median Sold Price
$2,189,500
$561/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Grand Beach have sold for 39.2% less than they did a month ago.
Summary: The median home sold price in Grand Beach was $2,189,500 in April 2024, down 39.2% from last month, and the median price per square foot was $561.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | $679K | N/A |
| 5+ Bedrooms | $3.6M | $3.7M | +2.8% |
Summary: Grand Beach housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 2.8%.
Housing Supply in Grand Beach, MI
How many homes are available in Grand Beach, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Summary: The Grand Beach real estate market had 8 homes for sale in April 2024, a 20.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Grand Beach 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
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 Grand Beach, 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 Grand Beach in April 2024, up by 100.0% 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 Grand Beach, MI
How long does it take to sell a home in Grand Beach, MI?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 225 Days | 57 Days | -74.7% |
Summary: Homes in Grand Beach had an average of 57 days on market in Apr 2024, down by 74.7% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Grand Beach has remained consistent over time.
Summary: During April 2024, 2 homes were sold in Grand Beach; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
