Is Gratiot County, 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, Gratiot County has remained a Seller's Market.
Key Takeaway
Gratiot County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gratiot County, MI
How much do homes in Gratiot County, MI cost?
Median Sold Price
$160,000
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Gratiot County have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Gratiot County was $160,000 in April 2024, down 1.2% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $44K | $130K | +195.5% |
| 2 Bedrooms | $120K | $125K | +4.2% |
| 3 Bedrooms | $146.5K | $165K | +12.6% |
| 4 Bedrooms | $180K | $180K | 0.0% |
| 5+ Bedrooms | $208.9K | $250K | +19.6% |
Summary: Gratiot County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 195.5%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 12.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 19.6%.
Median Sold Price Compared To Nearby Counties
| Midland County | $200K | $224.3K | +12.2% |
| Saginaw County | $143.4K | $159.2K | +11.0% |
| Isabella County | $175K | $178.9K | +2.3% |
| Shiawassee County | $175K | $177.1K | +1.2% |
| Gratiot County | $162K | $160K | -1.2% |
Housing Supply in Gratiot County, MI
How many homes are available in Gratiot County, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 107 | 132 | +23.4% |
Summary: The Gratiot County real estate market had 132 homes for sale in April 2024, a 23.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 20 | 0.0% |
| 3 Bedrooms | 61 | 80 | +31.1% |
| 4 Bedrooms | 20 | 24 | +20.0% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Gratiot County 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 increased by 31.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 27 | +35.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gratiot County, you may be able to get a good deal. 37% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Gratiot County in April 2024, up by 35.0% month-over-month. Of the 27 sold homes, 37% were sold under asking, 30% were sold at asking, and 33% were sold over asking.
Days on Market for Gratiot County, MI
How long does it take to sell a home in Gratiot County, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 69 Days | 59 Days | -13.9% |
Summary: Homes in Gratiot County had an average of 59 days on market in Apr 2024, down by 13.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Gratiot County has remained consistent over time.
Summary: During April 2024, 27 homes were sold in Gratiot County; 30% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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