$3,443 Closing Credit*
$289,900
1,292 SqFt
3 Beds
•1 Full Bath, 1 Partial
#50144096, Charlene Rupp, Listing Office: Bay Area Real Estate
Is Gibson Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Gibson Township has remained a Seller's Market.
Key Takeaway
Gibson Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gibson Township, MI
How much do homes in Gibson Township, MI cost?
Median Sold Price
$529,000
$464/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$498,500(+1634.4%)
Key Takeaway
Homes in Gibson Township have sold for 1634.4% more than they did a month ago.
Summary: The median home sold price in Gibson Township was $529,000 in October 2024, up 1634.4% from last month, and the median price per square foot was $464.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $30.5K | - | N/A |
| 3 Bedrooms | - | $529K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Gibson Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Gibson Township | $30.5K | $529K | +1634.4% |
| Bentley | $30.5K | $529K | +1634.4% |
| Lincoln Township | $160K | $235K | +46.9% |
Housing Supply in Gibson Township, MI
How many homes are available in Gibson Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Summary: The Gibson Township real estate market had 3 homes for sale in October 2024, a 25.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Gibson Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gibson Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Gibson Township in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Gibson Township, MI
How long does it take to sell a home in Gibson Township, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 8 Days | -83.3% |
Summary: Homes in Gibson Township had an average of 8 days on market in Oct 2024, down by 83.3% compared to last month.
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 Gibson Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Gibson Township; 100% 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.