Is Grand Blanc Charter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grand Blanc Charter Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Grand Blanc Charter Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Grand Blanc Charter Township, MI

How much do homes in Grand Blanc Charter Township, MI cost?

Median Sold Price

$274,826

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$17,612(+6.8%)

Key Takeaway

Homes in Grand Blanc Charter Township have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Grand Blanc Charter Township was $274,826 in November 2024, up 6.8% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $105K$131.2K
+25.0%
2 $195K$216K
+10.8%
3 $239.9K$252.5K
+5.2%
4 $324.5K$343.9K
+6.0%
5+ $405K$402K
-0.7%

Summary: Grand Blanc Charter Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 0.7%.

Median Sold Price Compared To Nearby Cities

Atlas Township
+9.9%
Mundy Township
+9.6%
Grand Blanc
+7.1%
Grand Blanc Charter Township
+6.8%
Burton
+1.7%

Housing Supply in Grand Blanc Charter Township, MI

How many homes are available in Grand Blanc Charter Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
243212-12.8%

Summary: The Grand Blanc Charter Township real estate market had 212 homes for sale in November 2024, a 12.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 3327
-18.2%
3 112101
-9.8%
4 7059
-15.7%
5+ 2724
-11.1%

Summary: The Grand Blanc Charter 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 18.2%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes decreased by 15.7%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6548-26.2%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grand Blanc Charter Township, you may be able to get a good deal. 60.4% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in Grand Blanc Charter Township in November 2024, down by 26.2% month-over-month. Of the 48 sold homes, 60% were sold under asking, 13% were sold at asking, and 27% were sold over asking.

Days on Market for Grand Blanc Charter Township, MI

How long does it take to sell a home in Grand Blanc Charter Township, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
30 Days41 Days+34.5%

Summary: Homes in Grand Blanc Charter Township had an average of 41 days on market in Nov 2024, up by 34.5% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 48 homes were sold in Grand Blanc Charter Township; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% 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 20 Days Ago

Newest Listings in Grand Blanc Charter Township, MI

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