$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 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 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
$261,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$36,000(+16.0%)
Key Takeaway
Homes in Gaines Township have sold for 16% more than they did a year ago.
Summary: The median home sold price in Gaines Township was $261,000 in November 2024, up 16% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $182.5K | $152.5K | -16.4% |
| 3 Bedrooms | $224K | $255K | +13.8% |
| 4 Bedrooms | $247.5K | $315K | +27.3% |
| 5+ Bedrooms | $399K | $446.5K | +11.9% |
Summary: Gaines Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.4%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 11.9%.
Median Sold Price Compared To Nearby Cities
| Gaines Township | $225K | $261K | +16.0% |
| Swartz Creek | $219.4K | $244.5K | +11.4% |
| Clayton Charter Township | $228.8K | $239.2K | +4.6% |
Housing Supply in Gaines Township, MI
How many homes are available in Gaines Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Summary: The Gaines Township real estate market had 19 homes for sale in November 2024, a 13.6% decrease compared to 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 | 16 | 9 | -43.8% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Gaines 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 increased by 100%, 3 bedroom homes decreased by 43.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gaines Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Gaines Township in November 2024, down by 33.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 43 Days | +176.4% |
Summary: Homes in Gaines Township had an average of 43 days on market in Nov 2024, up by 176.4% compared to last year.
Breakdown of Home Sale Times
5 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Gaines Township; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% 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.