Is Grand Ledge, 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 Ledge has remained a Seller's Market.
Key Takeaway
Grand Ledge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grand Ledge, MI
How much do homes in Grand Ledge, MI cost?
Median Sold Price
$299,950
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Grand Ledge have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Grand Ledge was $299,950 in April 2024, up 11.9% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $51K | -27.1% |
| 2 Bedrooms | $155K | $186K | +20.0% |
| 3 Bedrooms | $247.5K | $269.9K | +9.1% |
| 4 Bedrooms | $343.6K | $345K | 0.4% |
| 5+ Bedrooms | $427.5K | $400K | -6.4% |
Summary: Grand Ledge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.1%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 6.4%.
Median Sold Price Compared To Nearby Cities
| Grand Ledge | $268K | $299.9K | +11.9% |
| Watertown Charter Township | $350K | $366.7K | +4.8% |
Housing Supply in Grand Ledge, MI
How many homes are available in Grand Ledge, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 54 | +12.5% |
Summary: The Grand Ledge real estate market had 54 homes for sale in April 2024, a 12.5% 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 | 7 | 10 | +42.9% |
| 3 Bedrooms | 20 | 29 | +45.0% |
| 4 Bedrooms | 15 | 10 | -33.3% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Grand Ledge 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 42.9%, 3 bedroom homes increased by 45%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 23 | +53.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grand Ledge, you may be able to get a good deal. 39.1% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Grand Ledge in April 2024, up by 53.3% month-over-month. Of the 23 sold homes, 39% were sold under asking, 26% were sold at asking, and 35% were sold over asking.
Days on Market for Grand Ledge, MI
How long does it take to sell a home in Grand Ledge, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 28 Days | +32.7% |
Summary: Homes in Grand Ledge had an average of 28 days on market in Apr 2024, up by 32.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grand Ledge are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 23 homes were sold in Grand Ledge; 78% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.