Is Grandale / Brooks, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Grandale / Brooks was a Seller's Market.
Key Takeaway
Grandale / Brooks is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Grandale / Brooks, MI
How much do homes in Grandale / Brooks, MI cost?
Median Sold Price
$60,000
$57/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Grandale / Brooks have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Grandale / Brooks was $60,000 in May 2024, up 9.1% from last year, and the median price per square foot was $57.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $36K | N/A |
| 2 Bedrooms | $40K | $46K | +15.0% |
| 3 Bedrooms | $55K | $65K | +18.2% |
| 4 Bedrooms | $82K | $90K | +9.8% |
| 5+ Bedrooms | $90K | $177K | +96.7% |
Summary: Grandale / Brooks housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 96.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Oakman Grove | $175K | $230K | +31.4% |
| Grandale | $44K | $57.2K | +30.1% |
| West Central | $55.4K | $65K | +17.2% |
| Grandale / Brooks | $55K | $60K | +9.1% |
| Fiskorn | $50.7K | $50K | -1.5% |
Housing Supply in Grandale / Brooks, MI
How many homes are available in Grandale / Brooks, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 91 | 102 | +12.1% |
Summary: The Grandale / Brooks real estate market had 102 homes for sale in May 2024, a 12.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 28 | 25 | -10.7% |
| 3 Bedrooms | 54 | 67 | +24.1% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Grandale / Brooks housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.7%, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grandale / Brooks, 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 Grandale / Brooks in May 2024, down by 7.1% month-over-month. Of the 13 sold homes, 69% were sold under asking, 15% were sold at asking, and 15% were sold over asking.
Days on Market for Grandale / Brooks, MI
How long does it take to sell a home in Grandale / Brooks, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 47 Days | 30 Days | -36.6% |
Summary: Homes in Grandale / Brooks had an average of 30 days on market in May 2024, down by 36.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grandale / Brooks are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Grandale / Brooks; 62% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
