$998 Closing Credit*
$84,000
1,404 SqFt
3 Beds
•2 Full Baths
Steven J Buck, Listing Office: Keller Williams Realty Rivertown
Is Gaines Charter Township, 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, Gaines Charter Township has remained a Seller's Market.
Key Takeaway
Gaines Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gaines Charter Township, MI
How much do homes in Gaines Charter Township, MI cost?
Median Sold Price
$364,333
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,333(+2.1%)
Key Takeaway
Homes in Gaines Charter Township have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Gaines Charter Township was $364,333 in October 2024, up 2.1% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $450K | $424.9K | -5.6% |
| 2 Bedrooms | $277K | $322.5K | +16.4% |
| 3 Bedrooms | $325K | $350K | +7.7% |
| 4 Bedrooms | $387.4K | $424.9K | +9.7% |
| 5+ Bedrooms | $485K | $485.5K | 0.1% |
Summary: Gaines Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 0.1%.
Median Sold Price Compared To Nearby Cities
| Byron Center | $402.4K | $452K | +12.3% |
| Byron Township | $375.3K | $419.9K | +11.9% |
| Kentwood | $299.9K | $320K | +6.7% |
| Caledonia | $379.3K | $394.9K | +4.1% |
| Gaines Charter Township | $357K | $364.3K | +2.1% |
Housing Supply in Gaines Charter Township, MI
How many homes are available in Gaines Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 82 | 80 | -2.4% |
Summary: The Gaines Charter Township real estate market had 80 homes for sale in October 2024, a 2.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 31 | 28 | -9.7% |
| 4 Bedrooms | 27 | 29 | +7.4% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Gaines Charter Township 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 7.7%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gaines Charter Township, expect to pay close to the asking price. 47.8% of homes here sold near the asking price last month.
Summary: A total of 23 homes were sold or pending in Gaines Charter Township in October 2024, the same as the previous month. Of the 23 sold homes, 30% were sold under asking, 48% were sold at asking, and 22% were sold over asking.
Days on Market for Gaines Charter Township, MI
How long does it take to sell a home in Gaines Charter Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 33 Days | +165.7% |
Summary: Homes in Gaines Charter Township had an average of 33 days on market in Oct 2024, up by 165.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gaines Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in Gaines Charter Township; 74% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
