Is Grand Blanc, 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, Grand Blanc has remained a Seller's Market.
Housing Prices in Grand Blanc, MI
How much do homes in Grand Blanc, MI cost?
Median Sold Price
$264,303
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Grand Blanc was $264,303 in April 2024, up 5.7% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $112.5K | N/A |
2 Bedrooms | $181.2K | $216K | +19.2% |
3 Bedrooms | $225K | $243.6K | +8.3% |
4 Bedrooms | $332.8K | $325K | -2.4% |
5+ Bedrooms | $403.7K | $381.4K | -5.5% |
Summary: Grand Blanc 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 19.2%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Cities
Grand Blanc Charter Township | $250K | $264.4K | +5.8% |
Grand Blanc | $249.9K | $264.3K | +5.7% |
Housing Supply in Grand Blanc, MI
How many homes are available in Grand Blanc, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
192 | 219 | +14.1% |
Summary: The Grand Blanc real estate market had 219 homes for sale in April 2024, a 14.1% 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 | 27 | 30 | +11.1% |
3 Bedrooms | 77 | 91 | +18.2% |
4 Bedrooms | 62 | 70 | +12.9% |
5+ Bedrooms | 26 | 28 | +7.7% |
Summary: The Grand Blanc 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 11.1%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 54 | +8.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 54 homes were sold or pending in Grand Blanc in April 2024, up by 8.0% month-over-month. Of the 54 sold homes, 31% were sold under asking, 26% were sold at asking, and 43% were sold over asking.
Days on Market for Grand Blanc, MI
How long does it take to sell a home in Grand Blanc, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
114 Days | 24 Days | -78.5% |
Summary: Homes in Grand Blanc had an average of 24 days on market in Apr 2024, down by 78.5% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 54 homes were sold in Grand Blanc; 72% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.