Is Grant Township, 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, Grant Township has remained a Seller's Market.
Key Takeaway
Grant Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grant Township, MI
How much do homes in Grant Township, MI cost?
Median Sold Price
$228,500
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Grant Township have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Grant Township was $228,500 in May 2024, up 5.1% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $74.9K | N/A |
| 2 Bedrooms | $185K | $182.4K | -1.4% |
| 3 Bedrooms | $217.5K | $224.2K | +3.1% |
| 4 Bedrooms | $236K | $275.9K | +16.9% |
| 5+ Bedrooms | $330K | $400K | +21.2% |
Summary: Grant Township 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 decreased by 1.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 21.2%.
Median Sold Price Compared To Nearby Cities
| Sheridan Township | $185K | $217.9K | +17.8% |
| Surrey Township | $110K | $125K | +13.6% |
| Grant Township | $217.4K | $228.5K | +5.1% |
| Clare | $180K | $173.5K | -3.6% |
Housing Supply in Grant Township, MI
How many homes are available in Grant Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 37 | 0.0% |
Summary: The Grant Township real estate market had 37 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 4 | -55.6% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Grant Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 55.6%, 3 bedroom homes increased by 15%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grant Township, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Grant Township in May 2024, down by 15.4% month-over-month. Of the 11 sold homes, 27% were sold under asking, 27% were sold at asking, and 45% were sold over asking.
Days on Market for Grant Township, MI
How long does it take to sell a home in Grant Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 56 Days | 16 Days | -70.6% |
Summary: Homes in Grant Township had an average of 16 days on market in May 2024, down by 70.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grant Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Grant Township; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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