$1,366 Closing Credit*
$115,000
722 SqFt
2 Beds
•1 Full Bath
Roxana Yeh, Listing Office: 3DX Real Estate, LLC.
Is Grandale, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Grandale was a Seller's Market.
Key Takeaway
Grandale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Grandale, MI
How much do homes in Grandale, MI cost?
Median Sold Price
$65,000
$59/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+30.0%)
Key Takeaway
Homes in Grandale have sold for 30% more than they did a year ago.
Summary: The median home sold price in Grandale was $65,000 in October 2024, up 30% from last year, and the median price per square foot was $59.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $40K | $60K | +50.0% |
| 3 Bedrooms | $58K | $60K | +3.4% |
| 4 Bedrooms | $55.5K | $105K | +89.2% |
| 5+ Bedrooms | - | $45K | N/A |
Summary: Grandale housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 89.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Grandale | $50K | $65K | +30.0% |
| Fiskorn | $49K | $59.5K | +21.4% |
| West Central | $59.9K | $72K | +20.2% |
| Grandale / Brooks | $58K | $65K | +12.1% |
| Grandmont | $90K | $90K | 0.0% |
Housing Supply in Grandale, MI
How many homes are available in Grandale, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 32 | 0.0% |
Summary: The Grandale real estate market had 32 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 20 | 20 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Grandale housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Grandale, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Grandale in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Grandale, MI
How long does it take to sell a home in Grandale, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 8 Days | -77.2% |
Summary: Homes in Grandale had an average of 8 days on market in Oct 2024, down by 77.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grandale are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Grandale; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
