Is Gaylord, 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, Gaylord has remained a Seller's Market.
Housing Prices in Gaylord, MI
How much do homes in Gaylord, MI cost?
Median Sold Price
$250,000
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gaylord was $250,000 in April 2024, up 4.2% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $60K | N/A |
2 Bedrooms | $162.5K | $200K | +23.1% |
3 Bedrooms | $235K | $250K | +6.4% |
4 Bedrooms | $267.5K | $317K | +18.5% |
5+ Bedrooms | $355K | $295.5K | -16.8% |
Summary: Gaylord 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 23.1%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes decreased by 16.8%.
Median Sold Price Compared To Nearby Cities
Gaylord | $240K | $250K | +4.2% |
Bagley Township | $265K | $259.9K | -1.9% |
Housing Supply in Gaylord, MI
How many homes are available in Gaylord, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 92 | +29.6% |
Summary: The Gaylord real estate market had 92 homes for sale in April 2024, a 29.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 18 | +63.6% |
3 Bedrooms | 33 | 42 | +27.3% |
4 Bedrooms | 15 | 22 | +46.7% |
5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Gaylord 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 63.6%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 46.7%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 24 | +41.2% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Gaylord in April 2024, up by 41.2% month-over-month. Of the 24 sold homes, 54% were sold under asking, 38% were sold at asking, and 8% were sold over asking.
Days on Market for Gaylord, MI
How long does it take to sell a home in Gaylord, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
161 Days | 1 Day | -99.4% |
Summary: Homes in Gaylord had an average of 1 days on market in Apr 2024, down by 99.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Gaylord; 4% 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.