Is Grayling, 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, Grayling has remained a Seller's Market.
Housing Prices in Grayling, MI
How much do homes in Grayling, MI cost?
Median Sold Price
$186,250
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Grayling was $186,250 in April 2024, up 35.2% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $89K | $92.5K | +3.9% |
2 Bedrooms | $114.5K | $157.5K | +37.6% |
3 Bedrooms | $170K | $210.5K | +23.8% |
4 Bedrooms | $223.5K | $216.2K | -3.2% |
5+ Bedrooms | $140K | $343K | +145.0% |
Summary: Grayling housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 37.6%, 3 bedroom homes increased by 23.8%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 145%.
Median Sold Price Compared To Nearby Cities
Grayling | $137.7K | $186.2K | +35.2% |
Grayling Charter Township | $153.4K | $186.2K | +21.4% |
Housing Supply in Grayling, MI
How many homes are available in Grayling, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 45 | +28.6% |
Summary: The Grayling real estate market had 45 homes for sale in April 2024, a 28.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 12 | 13 | +8.3% |
3 Bedrooms | 17 | 22 | +29.4% |
4 Bedrooms | 2 | 5 | +150.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Grayling housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 13 | +116.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Grayling in April 2024, up by 116.7% month-over-month. Of the 13 sold homes, 38% were sold under asking, 23% were sold at asking, and 38% were sold over asking.
Days on Market for Grayling, MI
How long does it take to sell a home in Grayling, MI?
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Grayling; 38% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.