Is Grant 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, Grant Township has remained a Seller's Market.
Housing Prices in Grant Township, MI
How much do homes in Grant Township, MI cost?
Median Sold Price
$226,500
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Grant Township was $226,500 in April 2024, down 4.6% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $74.9K | N/A |
2 Bedrooms | $186.5K | $173K | -7.2% |
3 Bedrooms | $245K | $219K | -10.6% |
4 Bedrooms | $275K | $267.9K | -2.6% |
5+ Bedrooms | $330K | $367.5K | +11.4% |
Summary: Grant Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 11.4%.
Median Sold Price Compared To Nearby Cities
Worth Township | $220K | $234.9K | +6.8% |
North Street | $250K | $249.9K | 0% |
Grant Township | $237.5K | $226.5K | -4.6% |
Housing Supply in Grant Township, MI
How many homes are available in Grant Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 32 | +52.4% |
Summary: The Grant Township real estate market had 32 homes for sale in April 2024, a 52.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 4 | 7 | +75.0% |
3 Bedrooms | 13 | 17 | +30.8% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Grant 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 75%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 10 | +233.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Grant Township in April 2024, up by 233.3% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for Grant Township, MI
How long does it take to sell a home in Grant Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
103 Days | 41 Days | -60.3% |
Summary: Homes in Grant Township had an average of 41 days on market in Apr 2024, down by 60.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Grant Township; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.