$3,561 Closing Credit*
$299,900
1,769 SqFt
3 Beds
•1 Full Bath, 1 Partial
Kyle Westrate, Listing Office: Place Real Estate
Is Grand Rapids Charter Township, 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 Rapids Charter Township has remained a Seller's Market.
Key Takeaway
Grand Rapids Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grand Rapids Charter Township, MI
How much do homes in Grand Rapids Charter Township, MI cost?
Median Sold Price
$310,098
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,015(+7.3%)
Key Takeaway
Homes in Grand Rapids Charter Township have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Grand Rapids Charter Township was $310,098 in November 2024, up 7.3% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189.5K | $220K | +16.1% |
| 2 Bedrooms | $220.5K | $239.9K | +8.8% |
| 3 Bedrooms | $280K | $304.2K | +8.7% |
| 4 Bedrooms | $350K | $370K | +5.7% |
| 5+ Bedrooms | $522.5K | $540.5K | +3.4% |
Summary: Grand Rapids Charter Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.1%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
| Ada Township | $570K | $650K | +14.0% |
| Grand Rapids | $288K | $310K | +7.6% |
| Grand Rapids Charter Township | $289K | $310K | +7.3% |
| Plainfield Charter Township | $365K | $390K | +6.8% |
| East Grand Rapids | $599.9K | $640K | +6.7% |
Housing Supply in Grand Rapids Charter Township, MI
How many homes are available in Grand Rapids Charter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,098 | 984 | -10.4% |
Summary: The Grand Rapids Charter Township real estate market had 984 homes for sale in November 2024, a 10.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 23 | +4.5% |
| 2 Bedrooms | 204 | 186 | -8.8% |
| 3 Bedrooms | 507 | 433 | -14.6% |
| 4 Bedrooms | 284 | 269 | -5.3% |
| 5+ Bedrooms | 81 | 73 | -9.9% |
Summary: The Grand Rapids Charter Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.5%, 2 bedroom homes decreased by 8.8%, 3 bedroom homes decreased by 14.6%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 9.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 324 | 277 | -14.5% |
Asking Price vs. Sold Price
122 Homes Were Sold
Under Asking
62 Homes Were Sold
At Asking
93 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grand Rapids Charter Township, you may be able to get a good deal. 44% of homes here sold below asking price last month.
Summary: A total of 277 homes were sold or pending in Grand Rapids Charter Township in November 2024, down by 14.5% month-over-month. Of the 277 sold homes, 44% were sold under asking, 22% were sold at asking, and 34% were sold over asking.
Days on Market for Grand Rapids Charter Township, MI
How long does it take to sell a home in Grand Rapids Charter Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 22 Days | +24.6% |
Summary: Homes in Grand Rapids Charter Township had an average of 22 days on market in Nov 2024, up by 24.6% compared to last year.
Breakdown of Home Sale Times
216 Homes Were Sold
Under 30 Days
47 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grand Rapids Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 277 homes were sold in Grand Rapids Charter Township; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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