Is Gun Plain 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, Gun Plain Township has remained a Seller's Market.
Key Takeaway
Gun Plain Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gun Plain Township, MI
How much do homes in Gun Plain Township, MI cost?
Median Sold Price
$300,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Gun Plain Township have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Gun Plain Township was $300,000 in April 2024, up 11.1% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $164.2K | $182K | +10.8% |
| 3 Bedrooms | $225K | $281.2K | +25.0% |
| 4 Bedrooms | $327K | $380K | +16.2% |
| 5+ Bedrooms | $420.3K | $625K | +48.7% |
Summary: Gun Plain 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 increased by 10.8%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 48.7%.
Median Sold Price Compared To Nearby Cities
| Plainwell | $234.9K | $270K | +14.9% |
| Cooper Charter Township | $229K | $260K | +13.5% |
| Gun Plain Township | $270K | $300K | +11.1% |
| Martin Township | $250K | $269K | +7.6% |
| Prairieville Township | $340K | $325K | -4.4% |
Housing Supply in Gun Plain Township, MI
How many homes are available in Gun Plain Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 20 | +53.8% |
Summary: The Gun Plain Township real estate market had 20 homes for sale in April 2024, a 53.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 3 | 9 | +200.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Gun Plain Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 200%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gun Plain Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Gun Plain Township in April 2024, up by 500.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Gun Plain Township, MI
How long does it take to sell a home in Gun Plain Township, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 84 Days | 36 Days | -56.7% |
Summary: Homes in Gun Plain Township had an average of 36 days on market in Apr 2024, down by 56.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Gun Plain Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Gun Plain Township; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
