$2,820 Closing Credit*
$237,500
1,247 SqFt
3 Beds
•2 Full Baths
#50163212, Lawrence Palleschi, Jr., Listing Office: Premier Properties Inc
Is Fort Gratiot, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Fort Gratiot was a Neutral Market.
Key Takeaway
Fort Gratiot is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fort Gratiot, MI
How much do homes in Fort Gratiot, MI cost?
Median Sold Price
$260,250
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,300(+4.1%)
Key Takeaway
Homes in Fort Gratiot have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Fort Gratiot was $260,250 in November 2024, up 4.1% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.9K | $111K | +26.3% |
| 2 Bedrooms | $165K | $210K | +27.3% |
| 3 Bedrooms | $248K | $262.5K | +5.8% |
| 4 Bedrooms | $339.9K | $287.5K | -15.4% |
| 5+ Bedrooms | $299K | $335K | +12.0% |
Summary: Fort Gratiot housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.3%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 12%.
Median Sold Price Compared To Nearby Cities
| Fort Gratiot Charter Township | $247.9K | $265K | +6.9% |
| Port Huron Charter Township | $150K | $159.6K | +6.4% |
| Port Huron | $150K | $159.6K | +6.4% |
| Fort Gratiot | $249.9K | $260.2K | +4.1% |
Housing Supply in Fort Gratiot, MI
How many homes are available in Fort Gratiot, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 44 | -17.0% |
Summary: The Fort Gratiot real estate market had 44 homes for sale in November 2024, a 17.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 22 | 20 | -9.1% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 9 | 5 | -44.4% |
Summary: The Fort Gratiot housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 44.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fort Gratiot, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Fort Gratiot in November 2024, down by 18.8% month-over-month. Of the 13 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% were sold over asking.
Days on Market for Fort Gratiot, MI
How long does it take to sell a home in Fort Gratiot, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 50 Days | +388.3% |
Summary: Homes in Fort Gratiot had an average of 50 days on market in Nov 2024, up by 388.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fort Gratiot has remained consistent over time.
Summary: During November 2024, 13 homes were sold in Fort Gratiot; 31% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 23% 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.