$5,461 Closing Credit*
$459,900
2,566 SqFt
4 Beds
•2 Full Baths, 1 Partial
Gerald Rutkowski, Listing Office: Ted Rutkowski Real Estate
Is Fort Gratiot, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Fort Gratiot has remained a Seller's 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
$263,950
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,950(+5.6%)
Key Takeaway
Homes in Fort Gratiot have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Fort Gratiot was $263,950 in October 2024, up 5.6% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.9K | $111K | +26.3% |
| 2 Bedrooms | $200K | $214K | +7.0% |
| 3 Bedrooms | $231.9K | $272K | +17.3% |
| 4 Bedrooms | $339.9K | $280K | -17.6% |
| 5+ Bedrooms | $299K | $325K | +8.7% |
Summary: Fort Gratiot housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.3%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 17.3%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Cities
| Fort Gratiot Charter Township | $246K | $265K | +7.7% |
| Fort Gratiot | $250K | $263.9K | +5.6% |
| Port Huron Charter Township | $150.5K | $155.2K | +3.2% |
| Port Huron | $151.2K | $155.2K | +2.6% |
Housing Supply in Fort Gratiot, MI
How many homes are available in Fort Gratiot, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 51 | 0.0% |
Summary: The Fort Gratiot real estate market had 51 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Fort Gratiot housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Asking Price vs. Sold Price
8 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 Fort Gratiot, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Fort Gratiot in October 2024, the same as the previous month. Of the 14 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 19 Days | -38.9% |
Summary: Homes in Fort Gratiot had an average of 19 days on market in Oct 2024, down by 38.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fort Gratiot are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Fort Gratiot; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% 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.