Is Grass Lake, 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, Grass Lake was a Seller's Market.
Key Takeaway
Grass Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Grass Lake, MI
How much do homes in Grass Lake, MI cost?
Median Sold Price
$305,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Grass Lake have sold for 14% less than they did a year ago.
Summary: The median home sold price in Grass Lake was $305,000 in April 2024, down 14% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $275.5K | +17.2% |
| 2 Bedrooms | $205K | $192K | -6.3% |
| 3 Bedrooms | $361.2K | $310.4K | -14.1% |
| 4 Bedrooms | $348K | $420.2K | +20.8% |
| 5+ Bedrooms | $411.2K | $542.7K | +32.0% |
Summary: Grass Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.2%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 14.1%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 32%.
Median Sold Price Compared To Nearby Cities
| Grass Lake | $354.7K | $305K | -14.0% |
| Grass Lake Charter Township | $361.2K | $310K | -14.2% |
Housing Supply in Grass Lake, MI
How many homes are available in Grass Lake, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 25 | 0.0% |
Summary: The Grass Lake real estate market had 25 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Grass Lake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 3 | -70.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Grass Lake, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Grass Lake in April 2024, down by 70.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Grass Lake, MI
How long does it take to sell a home in Grass Lake, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 61 Days | 15 Days | -74.3% |
Summary: Homes in Grass Lake had an average of 15 days on market in Apr 2024, down by 74.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grass Lake are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Grass Lake; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.