$701 Closing Credit*
$59,000
1,519 SqFt
2 Full Baths
Jeff Glover, Davonte Moore, Listing Office: KW Professionals
Is Grandmont, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Grandmont was a Seller's Market.
Key Takeaway
Grandmont is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Grandmont, MI
How much do homes in Grandmont, MI cost?
Median Sold Price
$91,731
$65/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,064(+13.7%)
Key Takeaway
Homes in Grandmont have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in Grandmont was $91,731 in November 2024, up 13.7% from last year, and the median price per square foot was $65.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $50K | $42K | -16.0% |
| 3 Bedrooms | $81.9K | $90K | +9.9% |
| 4 Bedrooms | $110K | $127K | +15.5% |
| 5+ Bedrooms | $127.6K | $125K | -2.0% |
Summary: Grandmont 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 16%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Neighborhoods
| Belmont | $66K | $85K | +28.8% |
| Harmony VIllage | $61K | $76.5K | +25.4% |
| West Central | $60K | $72.4K | +20.7% |
| Grandmont | $80.6K | $91.7K | +13.7% |
Housing Supply in Grandmont, MI
How many homes are available in Grandmont, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 197 | 190 | -3.6% |
Summary: The Grandmont real estate market had 190 homes for sale in November 2024, a 3.6% decrease 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 | 8 | 13 | +62.5% |
| 3 Bedrooms | 148 | 139 | -6.1% |
| 4 Bedrooms | 31 | 28 | -9.7% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Grandmont 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 62.5%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 21 | -47.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grandmont, you may be able to get a good deal. 38.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Grandmont in November 2024, down by 47.5% month-over-month. Of the 21 sold homes, 38% were sold under asking, 24% were sold at asking, and 38% were sold over asking.
Days on Market for Grandmont, MI
How long does it take to sell a home in Grandmont, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 64 Days | +90.1% |
Summary: Homes in Grandmont had an average of 64 days on market in Nov 2024, up by 90.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grandmont are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in Grandmont; 52% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
