$3,788 Closing Credit*
$319,000
1,440 SqFt
2 Beds
•2 Full Baths, 1 Partial
Loren A Hotchkiss, Listing Office: Real Estate One-Oxford
Is Gaines, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Gaines has remained a Seller's Market.
Key Takeaway
Gaines is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gaines, MI
How much do homes in Gaines, MI cost?
Median Sold Price
$188,320
$120/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$131,680(-41.1%)
Key Takeaway
Homes in Gaines have sold for 41.1% less than they did a month ago.
Summary: The median home sold price in Gaines was $188,320 in November 2024, down 41.1% from last month, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $320K | $29.9K | -90.7% |
| 4 Bedrooms | - | $324.1K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Gaines housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 90.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Gaines, MI
How many homes are available in Gaines, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Summary: The Gaines real estate market had 7 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Gaines 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 increased by 100%, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gaines, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Gaines in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Gaines, MI
How long does it take to sell a home in Gaines, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 Days | 79 Days | +1125.6% |
Summary: Homes in Gaines had an average of 79 days on market in Nov 2024, up by 1125.6% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Gaines are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Gaines; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
