$625,000
2.65 Acres
Land
David A. Barone, Listing Office: RE/MAX Real Estate Professionals
Is Grand Ledge, 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, Grand Ledge has remained a Seller's Market.
Key Takeaway
Grand Ledge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grand Ledge, MI
How much do homes in Grand Ledge, MI cost?
Median Sold Price
$309,958
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,958(+10.7%)
Key Takeaway
Homes in Grand Ledge have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Grand Ledge was $309,958 in November 2024, up 10.7% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $51K | - | N/A |
| 2 Bedrooms | $168.1K | $179K | +6.5% |
| 3 Bedrooms | $260K | $279.4K | +7.5% |
| 4 Bedrooms | $339.9K | $415K | +22.1% |
| 5+ Bedrooms | $422.5K | $400K | -5.3% |
Summary: Grand Ledge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes decreased by 5.3%.
Median Sold Price Compared To Nearby Cities
| Eagle Township | $314.9K | $410K | +30.2% |
| Oneida Charter Township | $279.9K | $359.9K | +28.6% |
| Grand Ledge | $280K | $309.9K | +10.7% |
Housing Supply in Grand Ledge, MI
How many homes are available in Grand Ledge, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 57 | 58 | +1.8% |
Summary: The Grand Ledge real estate market had 58 homes for sale in November 2024, a 1.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 21 | 20 | -4.8% |
| 4 Bedrooms | 19 | 22 | +15.8% |
| 5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The Grand Ledge 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 increased by 28.6%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grand Ledge, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Grand Ledge in November 2024, the same as the previous month. Of the 16 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Grand Ledge, MI
How long does it take to sell a home in Grand Ledge, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 21 Days | -54.7% |
Summary: Homes in Grand Ledge had an average of 21 days on market in Nov 2024, down by 54.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grand Ledge are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in Grand Ledge; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.