$164,900
19.77 Acres
Land
Jeffrey M Platko, Listing Office: JH Realty Partners
Is Gowen, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Gowen was a Seller's Market.
Key Takeaway
Gowen is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Gowen, MI
How much do homes in Gowen, MI cost?
Median Sold Price
$275,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$36,500(+15.3%)
Key Takeaway
Homes in Gowen have sold for 15.3% more than they did a year ago.
Summary: The median home sold price in Gowen was $275,000 in September 2024, up 15.3% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $208.5K | +39.0% |
| 2 Bedrooms | $199.7K | $252.5K | +26.4% |
| 3 Bedrooms | $250K | $247.5K | -1.0% |
| 4 Bedrooms | $290K | $369.9K | +27.6% |
| 5+ Bedrooms | $489K | $389.2K | -20.4% |
Summary: Gowen housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39%, 2 bedroom homes increased by 26.4%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 27.6%, and 5+ bedroom homes decreased by 20.4%.
Median Sold Price Compared To Nearby Cities
| Spencer Township | $244.5K | $312K | +27.6% |
| Oakfield Township | $310K | $362.5K | +16.9% |
| Gowen | $238.5K | $275K | +15.3% |
Housing Supply in Gowen, MI
How many homes are available in Gowen, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The Gowen real estate market had 17 homes for sale in September 2024, a 13.3% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Gowen housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gowen, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Gowen in September 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Gowen, MI
How long does it take to sell a home in Gowen, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 11 Days | 25 Days | +119.8% |
Summary: Homes in Gowen had an average of 25 days on market in Sep 2024, up by 119.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gowen are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 2 homes were sold in Gowen; 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.
