Is Grand Blanc, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Grand Blanc has remained a Seller's Market.
Key Takeaway
Grand Blanc is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grand Blanc, MI
How much do homes in Grand Blanc, MI cost?
Median Sold Price
$264,562
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Grand Blanc have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Grand Blanc was $264,562 in May 2024, up 5.8% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $112.5K | N/A |
| 2 Bedrooms | $181K | $215K | +18.8% |
| 3 Bedrooms | $229.1K | $247.5K | +8.0% |
| 4 Bedrooms | $316K | $330K | +4.4% |
| 5+ Bedrooms | $403.7K | $381.4K | -5.5% |
Summary: Grand Blanc housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Grand Blanc Charter Township | $249.9K | $264.7K | +5.9% |
| Grand Blanc | $250K | $264.5K | +5.8% |
Housing Supply in Grand Blanc, MI
How many homes are available in Grand Blanc, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 216 | 244 | +13.0% |
Summary: The Grand Blanc real estate market had 244 homes for sale in May 2024, a 13.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 30 | 39 | +30.0% |
| 3 Bedrooms | 91 | 102 | +12.1% |
| 4 Bedrooms | 68 | 72 | +5.9% |
| 5+ Bedrooms | 27 | 31 | +14.8% |
Summary: The Grand Blanc housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 14.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 63 | 68 | +7.9% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grand Blanc, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 68 homes were sold or pending in Grand Blanc in May 2024, up by 7.9% month-over-month. Of the 68 sold homes, 47% were sold under asking, 18% were sold at asking, and 35% were sold over asking.
Days on Market for Grand Blanc, MI
How long does it take to sell a home in Grand Blanc, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 34 Days | -1.9% |
Summary: Homes in Grand Blanc had an average of 34 days on market in May 2024, down by 1.9% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grand Blanc are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 68 homes were sold in Grand Blanc; 74% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.