Is Grayling Charter Township, 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 Charter Township has remained a Seller's Market.
Housing Prices in Grayling Charter Township, MI
How much do homes in Grayling Charter Township, 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 Charter Township was $186,250 in April 2024, up 21.4% 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 | $130K | $92.5K | -28.8% |
2 Bedrooms | $126K | $157.5K | +25.0% |
3 Bedrooms | $175K | $210.5K | +20.3% |
4 Bedrooms | $255K | $216.2K | -15.2% |
5+ Bedrooms | $278.9K | $343K | +23.0% |
Summary: Grayling Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.8%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 20.3%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes increased by 23%.
Median Sold Price Compared To Nearby Cities
Grayling | $137.7K | $186.2K | +35.2% |
Frederic | $193.9K | $245K | +26.4% |
Grayling Charter Township | $153.4K | $186.2K | +21.4% |
Beaver Creek Township | $174.9K | $199.2K | +13.9% |
Housing Supply in Grayling Charter Township, MI
How many homes are available in Grayling Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 44 | +29.4% |
Summary: The Grayling Charter Township real estate market had 44 homes for sale in April 2024, a 29.4% 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 | 1 | 4 | +300.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Grayling Charter Township 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 300%, 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 Charter Township 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 Charter Township, MI
How long does it take to sell a home in Grayling Charter Township, 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 Charter Township; 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.