$29,900
2.04 Acres
Land
Paul Raymond, Listing Office: RE/MAX Select
Is Gaines Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Gaines Township has remained a Seller's Market.
Key Takeaway
Gaines Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gaines Township, MI
How much do homes in Gaines Township, MI cost?
Median Sold Price
$245,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$3,750(+1.6%)
Key Takeaway
Homes in Gaines Township have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Gaines Township was $245,000 in September 2024, up 1.6% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242.5K | - | N/A |
| 2 Bedrooms | $185.4K | $150K | -19.1% |
| 3 Bedrooms | $235.9K | $247.4K | +4.9% |
| 4 Bedrooms | $295K | $273.5K | -7.3% |
| 5+ Bedrooms | $399K | $446.5K | +11.9% |
Summary: Gaines Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.1%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes increased by 11.9%.
Median Sold Price Compared To Nearby Cities
| Venice Township | $155.9K | $177.5K | +13.8% |
| Swartz Creek | $220.8K | $237K | +7.3% |
| Gaines | $249.9K | $255K | +2.0% |
| Gaines Township | $241.2K | $245K | +1.6% |
| Clayton Charter Township | $237.4K | $235K | -1.0% |
Housing Supply in Gaines Township, MI
How many homes are available in Gaines Township, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 19 | 24 | +26.3% |
Summary: The Gaines Township real estate market had 24 homes for sale in September 2024, a 26.3% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Gaines Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 1 | 7 | +600.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gaines Township, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Gaines Township in September 2024, up by 600.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for Gaines Township, MI
How long does it take to sell a home in Gaines Township, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 16 Days | 22 Days | +37.1% |
Summary: Homes in Gaines Township had an average of 22 days on market in Sep 2024, up by 37.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gaines Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 7 homes were sold in Gaines Township; 57% of homes were sold within 30 days, 43% 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.