$5,500
0.41 Acres
Land
#50162120, RYAN ROPP, Listing Office: SUGAR SPRINGS REAL ESTATE
Is Gladwin 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, Gladwin Township has remained a Seller's Market.
Key Takeaway
Gladwin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gladwin Township, MI
How much do homes in Gladwin Township, MI cost?
Median Sold Price
$195,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,500(+9.9%)
Key Takeaway
Homes in Gladwin Township have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Gladwin Township was $195,000 in November 2024, up 9.9% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $88.7K | $122.5K | +38.0% |
| 2 Bedrooms | $145.2K | $127.5K | -12.2% |
| 3 Bedrooms | $233.5K | $210K | -10.1% |
| 4 Bedrooms | $362.4K | $429K | +18.4% |
| 5+ Bedrooms | - | $457K | N/A |
Summary: Gladwin Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38%, 2 bedroom homes decreased by 12.2%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes did not change.
Housing Supply in Gladwin Township, MI
How many homes are available in Gladwin Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 118 | 101 | -14.4% |
Summary: The Gladwin Township real estate market had 101 homes for sale in November 2024, a 14.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 34 | 31 | -8.8% |
| 3 Bedrooms | 64 | 53 | -17.2% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Gladwin 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 decreased by 8.8%, 3 bedroom homes decreased by 17.2%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 22 | -31.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gladwin Township, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Gladwin Township in November 2024, down by 31.3% month-over-month. Of the 22 sold homes, 73% were sold under asking, 5% were sold at asking, and 23% were sold over asking.
Days on Market for Gladwin Township, MI
How long does it take to sell a home in Gladwin Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 67 Days | +55.4% |
Summary: Homes in Gladwin Township had an average of 67 days on market in Nov 2024, up by 55.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Gladwin Township has remained consistent over time.
Summary: During November 2024, 22 homes were sold in Gladwin Township; 18% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 18% 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. 
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