$5,938 Closing Credit*
$500,000
2,544 SqFt
3 Beds
•2 Full Baths, 1 Partial
Kendra J Havemeier, Christopher Allen, Listing Office: Bellabay Realty (North)
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 November 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
$370,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,666(+3.0%)
Key Takeaway
Homes in Gaines Charter Township have sold for 3% more than they did a year ago.
Summary: The median home sold price in Gaines Charter Township was $370,000 in November 2024, up 3% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $450K | $424.9K | -5.6% |
| 2 Bedrooms | $279.5K | $322.7K | +15.5% |
| 3 Bedrooms | $330K | $350K | +6.1% |
| 4 Bedrooms | $392.4K | $425.1K | +8.3% |
| 5+ Bedrooms | $470K | $486K | +3.4% |
Summary: Gaines Charter Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
| Byron Center | $401.6K | $446.7K | +11.2% |
| Byron Township | $375K | $415K | +10.7% |
| Kentwood | $300K | $321.7K | +7.2% |
| Caledonia | $382.5K | $396K | +3.5% |
| Gaines Charter Township | $359.3K | $370K | +3.0% |
Housing Supply in Gaines Charter Township, MI
How many homes are available in Gaines Charter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 | 70 | -9.1% |
Summary: The Gaines Charter Township real estate market had 70 homes for sale in November 2024, a 9.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 29 | 25 | -13.8% |
| 4 Bedrooms | 27 | 23 | -14.8% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Gaines Charter Township 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 9.1%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 18 | -21.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gaines Charter Township, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Gaines Charter Township in November 2024, down by 21.7% month-over-month. Of the 18 sold homes, 61% were sold under asking, 22% were sold at asking, and 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 32 Days | +10.2% |
Summary: Homes in Gaines Charter Township had an average of 32 days on market in Nov 2024, up by 10.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was 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 November 2024, 18 homes were sold in Gaines Charter Township; 67% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
