Is Goodrich, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Goodrich is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Goodrich was a Neutral Market.

Key Takeaway

Goodrich is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Goodrich, MI

How much do homes in Goodrich, MI cost?

Median Sold Price

$325,000

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$5,000(-1.5%)

Key Takeaway

Homes in Goodrich have sold for 1.5% less than they did a year ago.

Summary: The median home sold price in Goodrich was $325,000 in December 2024, down 1.5% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $228K$243K
+6.6%
3 $286K$294.4K
+3.0%
4 $416.2K$419K
+0.7%
5+ $433.5K$430K
-0.8%

Summary: Goodrich housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 0.8%.

Median Sold Price Compared To Nearby Cities

Atlas Township
+8.4%
Goodrich
-1.5%

Housing Supply in Goodrich, MI

How many homes are available in Goodrich, MI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3125-19.4%

Summary: The Goodrich real estate market had 25 homes for sale in December 2024, a 19.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1916
-15.8%
4 53
-40.0%
5+ 54
-20.0%

Summary: The Goodrich housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
660.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Goodrich, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Goodrich in December 2024, the same as the previous month. Of the 6 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.

Days on Market for Goodrich, MI

How long does it take to sell a home in Goodrich, MI?

Average Sale Time

Dec 2023Dec 2024CHANGE
81 Days34 Days-57.2%

Summary: Homes in Goodrich had an average of 34 days on market in Dec 2024, down by 57.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Goodrich are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 6 homes were sold in Goodrich; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Goodrich, MI

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