Is Gregory, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Gregory has remained a Seller's Market.
Key Takeaway
Gregory is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gregory, MI
How much do homes in Gregory, MI cost?
Median Sold Price
$323,500
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Gregory have sold for 20.9% more than they did a year ago.
Summary: The median home sold price in Gregory was $323,500 in May 2024, up 20.9% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $169K | N/A |
| 2 Bedrooms | $191K | $203K | +6.3% |
| 3 Bedrooms | $269.9K | $325K | +20.4% |
| 4 Bedrooms | $450K | $508K | +12.9% |
| 5+ Bedrooms | $336.5K | $435K | +29.3% |
Summary: Gregory 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 6.3%, 3 bedroom homes increased by 20.4%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 29.3%.
Median Sold Price Compared To Nearby Cities
| Gregory | $267.4K | $323.5K | +20.9% |
| Lyndon Township | $380K | $425K | +11.8% |
| Dexter Township | $450K | $495K | +10.0% |
| Putnam Township | $316K | $339.9K | +7.6% |
| Unadilla Township | $248.9K | $267.2K | +7.4% |
Housing Supply in Gregory, MI
How many homes are available in Gregory, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 30 | +30.4% |
Summary: The Gregory real estate market had 30 homes for sale in May 2024, a 30.4% 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 | 8 | 9 | +12.5% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Gregory 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 increased by 12.5%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 8 | +700.0% |
Asking Price vs. Sold Price
4 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 Gregory, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Gregory in May 2024, up by 700.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Gregory, MI
How long does it take to sell a home in Gregory, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 27 Days | -36.6% |
Summary: Homes in Gregory had an average of 27 days on market in May 2024, down by 36.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Gregory are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Gregory; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.