$1,639 Closing Credit*
$138,000
1,718 SqFt
4 Beds
•2 Full Baths
Monique Burns, Listing Office: Great Day Realty, LLC
Is Grandale / Brooks, 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, Grandale / Brooks has remained a Seller's Market.
Key Takeaway
Grandale / Brooks is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grandale / Brooks, MI
How much do homes in Grandale / Brooks, MI cost?
Median Sold Price
$65,000
$51/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,000(+12.1%)
Key Takeaway
Homes in Grandale / Brooks have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Grandale / Brooks was $65,000 in November 2024, up 12.1% from last year, and the median price per square foot was $51.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $36K | N/A |
| 2 Bedrooms | $49K | $45K | -8.2% |
| 3 Bedrooms | $59K | $70K | +18.6% |
| 4 Bedrooms | $63.7K | $97K | +52.2% |
| 5+ Bedrooms | $582.6K | $155K | -73.4% |
Summary: Grandale / Brooks 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 decreased by 8.2%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 52.2%, and 5+ bedroom homes decreased by 73.4%.
Median Sold Price Compared To Nearby Neighborhoods
| West Central | $60K | $72.4K | +20.7% |
| Fiskorn | $50K | $59.5K | +19.0% |
| Grandale / Brooks | $58K | $65K | +12.1% |
| Grandale | $52.7K | $50.5K | -4.3% |
Housing Supply in Grandale / Brooks, MI
How many homes are available in Grandale / Brooks, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 105 | 110 | +4.8% |
Summary: The Grandale / Brooks real estate market had 110 homes for sale in November 2024, a 4.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 25 | 31 | +24.0% |
| 3 Bedrooms | 72 | 73 | +1.4% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Grandale / Brooks 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 24%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 23 | +64.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grandale / Brooks, you may be able to get a good deal. 73.9% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Grandale / Brooks in November 2024, up by 64.3% month-over-month. Of the 23 sold homes, 74% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Grandale / Brooks, MI
How long does it take to sell a home in Grandale / Brooks, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 46 Days | +102.7% |
Summary: Homes in Grandale / Brooks had an average of 46 days on market in Nov 2024, up by 102.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grandale / Brooks are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in Grandale / Brooks; 52% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.