$4,986 Closing Credit*
$419,900
1,037 SqFt
3 Beds
•1 Full Bath
Sonya Loose, Listing Office: Modern Realty-Midland
Is Gerrish Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Gerrish Township was a Seller's Market.
Key Takeaway
Gerrish Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Gerrish Township, MI
How much do homes in Gerrish Township, MI cost?
Median Sold Price
$245,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,500(+6.3%)
Key Takeaway
Homes in Gerrish Township have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Gerrish Township was $245,000 in October 2024, up 6.3% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127.5K | $150K | +17.6% |
| 2 Bedrooms | $168.9K | $152K | -10.0% |
| 3 Bedrooms | $237.7K | $280K | +17.8% |
| 4 Bedrooms | $448.5K | $575K | +28.2% |
| 5+ Bedrooms | $1.0M | $2.6M | +151.9% |
Summary: Gerrish Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 28.2%, and 5+ bedroom homes increased by 151.9%.
Median Sold Price Compared To Nearby Cities
| Beaver Creek Township | $165K | $210K | +27.3% |
| Lyon Township | $180K | $198K | +10.0% |
| Gerrish Township | $230.5K | $245K | +6.3% |
| South Branch Township | $166.2K | $174.9K | +5.2% |
Housing Supply in Gerrish Township, MI
How many homes are available in Gerrish Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 31 | +10.7% |
Summary: The Gerrish Township real estate market had 31 homes for sale in October 2024, a 10.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 4 | 8 | +100.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Gerrish Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gerrish Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Gerrish Township in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Gerrish Township, MI
We’re sorry, we don't have information for this market at the moment
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