Is Gladwin, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Gladwin was a Buyer's Market.
Housing Prices in Gladwin, MI
How much do homes in Gladwin, MI cost?
Median Sold Price
$182,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gladwin was $182,000 in April 2024, up 13.8% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $118.7K | $63K | -46.9% |
2 Bedrooms | $125K | $134K | +7.2% |
3 Bedrooms | $177.5K | $256K | +44.2% |
4 Bedrooms | $185K | $314.5K | +70.0% |
5+ Bedrooms | - | - | N/A |
Summary: Gladwin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.9%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 44.2%, 4 bedroom homes increased by 70%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Gladwin | $160K | $182K | +13.8% |
Gladwin Township | $167.5K | $182K | +8.7% |
Housing Supply in Gladwin, MI
How many homes are available in Gladwin, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 59 | +34.1% |
Summary: The Gladwin real estate market had 59 homes for sale in April 2024, a 34.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 11 | 13 | +18.2% |
3 Bedrooms | 25 | 31 | +24.0% |
4 Bedrooms | 5 | 11 | +120.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Gladwin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 120%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 14 | +250.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Gladwin in April 2024, up by 250.0% month-over-month. Of the 14 sold homes, 64% were sold under asking, 14% were sold at asking, and 21% were sold over asking.
Days on Market for Gladwin, MI
How long does it take to sell a home in Gladwin, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
6 Days | 91 Days | +1429.5% |
Summary: Homes in Gladwin had an average of 91 days on market in Apr 2024, up by 1429.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Gladwin; 43% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.