Is Grand Beach, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grand Beach is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Grand Beach has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Grand Beach, MI

How much do homes in Grand Beach, MI cost?

Median Sold Price

$2,125,000

$710/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$1,113,000(+110.0%)

Key Takeaway

Homes in Grand Beach have sold for 110% more than they did a month ago.

Summary: The median home sold price in Grand Beach was $2,125,000 in November 2024, up 110% from last month, and the median price per square foot was $710.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $699K-
N/A
4 $1.3M$1.5M
+13.2%
5+ -$2.7M
N/A

Summary: Grand Beach housing prices by bedroom type for November 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 increased by 13.2%, and 5+ bedroom homes did not change.

Housing Supply in Grand Beach, MI

How many homes are available in Grand Beach, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1110-9.1%

Summary: The Grand Beach real estate market had 10 homes for sale in November 2024, a 9.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 32
-33.3%
4 21
-50.0%
5+ 56
+20.0%

Summary: The Grand Beach 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grand Beach, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Grand Beach in November 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Grand Beach, MI

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

Average Sale Time

Oct 2024Nov 2024CHANGE
12 Days26 Days+116.7%

Summary: Homes in Grand Beach had an average of 26 days on market in Nov 2024, up by 116.7% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Grand Beach; 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 2 Days Ago

Newest Listings in Grand Beach, MI

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