Is Grandville, 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, Grandville has remained a Seller's Market.
Key Takeaway
Grandville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grandville, MI
How much do homes in Grandville, MI cost?
Median Sold Price
$341,537
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Grandville have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in Grandville was $341,537 in April 2024, up 12.2% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | $242.7K | -35.3% |
| 2 Bedrooms | $240K | $257.5K | +7.3% |
| 3 Bedrooms | $290K | $328K | +13.1% |
| 4 Bedrooms | $345K | $370K | +7.2% |
| 5+ Bedrooms | $430K | $562.5K | +30.8% |
Summary: Grandville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.3%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 30.8%.
Housing Supply in Grandville, MI
How many homes are available in Grandville, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 58 | 74 | +27.6% |
Summary: The Grandville real estate market had 74 homes for sale in April 2024, a 27.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 24 | 36 | +50.0% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Grandville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 19 | +5.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grandville, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Grandville in April 2024, up by 5.6% month-over-month. Of the 19 sold homes, 16% were sold under asking, 32% were sold at asking, and 53% were sold over asking.
Days on Market for Grandville, MI
How long does it take to sell a home in Grandville, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 33 Days | -7.1% |
Summary: Homes in Grandville had an average of 33 days on market in Apr 2024, down by 7.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grandville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in Grandville; 79% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
