$225,000
2.62 Acres
Land
William Madden, Listing Office: Real Estate One of Gaylord
Is Gaylord, 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, Gaylord has remained a Seller's Market.
Key Takeaway
Gaylord is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gaylord, MI
How much do homes in Gaylord, MI cost?
Median Sold Price
$275,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,100(+5.8%)
Key Takeaway
Homes in Gaylord have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Gaylord was $275,000 in November 2024, up 5.8% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $102.5K | +70.9% |
| 2 Bedrooms | $205K | $210K | +2.4% |
| 3 Bedrooms | $250K | $275K | +10.0% |
| 4 Bedrooms | $313.5K | $329K | +4.9% |
| 5+ Bedrooms | $300K | $387K | +29.0% |
Summary: Gaylord housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 70.9%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 29%.
Median Sold Price Compared To Nearby Cities
| Gaylord | $259.9K | $275K | +5.8% |
| Livingston Township | $259.9K | $265K | +1.9% |
| Bagley Township | $283.3K | $264K | -6.8% |
Housing Supply in Gaylord, MI
How many homes are available in Gaylord, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 123 | 120 | -2.4% |
Summary: The Gaylord real estate market had 120 homes for sale in November 2024, a 2.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 20 | 16 | -20.0% |
| 3 Bedrooms | 67 | 68 | +1.5% |
| 4 Bedrooms | 22 | 21 | -4.5% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Gaylord 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 20%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 26 | +4.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gaylord, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Gaylord in November 2024, up by 4.0% month-over-month. Of the 26 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% were sold over asking.
Days on Market for Gaylord, MI
How long does it take to sell a home in Gaylord, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 11 Days | -56.9% |
Summary: Homes in Gaylord had an average of 11 days on market in Nov 2024, down by 56.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gaylord are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 26 homes were sold in Gaylord; 4% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. 
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.