Is Gladwin, 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, Gladwin has remained a Seller's Market.
Key Takeaway
Gladwin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gladwin, MI
How much do homes in Gladwin, MI cost?
Median Sold Price
$182,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Gladwin have sold for 13.8% more than they did a year ago.
Summary: The median home sold price in Gladwin was $182,000 in May 2024, up 13.8% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118K | $81.5K | -30.9% |
| 2 Bedrooms | $125K | $143.9K | +15.2% |
| 3 Bedrooms | $187.5K | $220K | +17.3% |
| 4 Bedrooms | $196.5K | $314.5K | +60.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Gladwin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.9%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 60.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Gladwin | $160K | $182K | +13.8% |
| Gladwin Township | $160K | $182K | +13.8% |
Housing Supply in Gladwin, MI
How many homes are available in Gladwin, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 75 | 93 | +24.0% |
Summary: The Gladwin real estate market had 93 homes for sale in May 2024, a 24.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 19 | 23 | +21.1% |
| 3 Bedrooms | 38 | 47 | +23.7% |
| 4 Bedrooms | 13 | 17 | +30.8% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Gladwin 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 21.1%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gladwin, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Gladwin in May 2024, up by 12.5% month-over-month. Of the 18 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Gladwin, MI
How long does it take to sell a home in Gladwin, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 51 Days | 29 Days | -43.0% |
Summary: Homes in Gladwin had an average of 29 days on market in May 2024, down by 43% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Gladwin are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Gladwin; 61% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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