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 May 2023
Since last year, Grayling Charter Township has remained a Seller's Market.
Key Takeaway
Grayling Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grayling Charter Township, MI
How much do homes in Grayling Charter Township, MI cost?
Median Sold Price
$191,250
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Grayling Charter Township have sold for 27.5% more than they did a year ago.
Summary: The median home sold price in Grayling Charter Township was $191,250 in May 2024, up 27.5% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $75K | -42.3% |
| 2 Bedrooms | $124.9K | $165K | +32.1% |
| 3 Bedrooms | $167.5K | $213K | +27.2% |
| 4 Bedrooms | $255K | $195K | -23.5% |
| 5+ Bedrooms | $278.9K | $300K | +7.6% |
Summary: Grayling Charter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.3%, 2 bedroom homes increased by 32.1%, 3 bedroom homes increased by 27.2%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Cities
| Grayling | $145K | $191.2K | +31.9% |
| Grayling Charter Township | $150K | $191.2K | +27.5% |
| Frederic Township | $187.9K | $238.5K | +26.9% |
| Frederic | $193.9K | $245.5K | +26.6% |
Housing Supply in Grayling Charter Township, MI
How many homes are available in Grayling Charter Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 55 | +25.0% |
Summary: The Grayling Charter Township real estate market had 55 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 21 | 28 | +33.3% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Grayling Charter Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Grayling Charter Township, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Grayling Charter Township in May 2024, the same as the previous month. Of the 13 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% 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?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 16 Days | -25.8% |
Summary: Homes in Grayling Charter Township had an average of 16 days on market in May 2024, down by 25.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grayling Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Grayling Charter Township; 15% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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