Is Gobles, 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, Gobles has remained a Seller's Market.
Key Takeaway
Gobles is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gobles, MI
How much do homes in Gobles, MI cost?
Median Sold Price
$251,837
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Gobles have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Gobles was $251,837 in May 2024, up 9.5% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $155K | N/A |
| 2 Bedrooms | $157.5K | $233.2K | +48.1% |
| 3 Bedrooms | $197.5K | $239.9K | +21.5% |
| 4 Bedrooms | $274.9K | $279.9K | +1.8% |
| 5+ Bedrooms | $330K | $339K | +2.7% |
Summary: Gobles 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 48.1%, 3 bedroom homes increased by 21.5%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Bloomingdale Township | $155K | $235K | +51.6% |
| Gobles | $230K | $251.8K | +9.5% |
| Pine Grove Township | $250K | $245.4K | -1.8% |
Housing Supply in Gobles, MI
How many homes are available in Gobles, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Summary: The Gobles real estate market had 20 homes for sale in May 2024, a 11.1% 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 | 2 | 4 | +100.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Gobles 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 100%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gobles, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Gobles in May 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Gobles, MI
How long does it take to sell a home in Gobles, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 61 Days | +231.1% |
Summary: Homes in Gobles had an average of 61 days on market in May 2024, up by 231.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Gobles has remained consistent over time.
Summary: During May 2024, 4 homes were sold in Gobles; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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.