$1,483 Closing Credit*
$124,900
1,191 SqFt
4 Beds
•1 Full Bath
Hasson Hammoud, Listing Office: U.S. Investor Group
Is Grandmont, 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, Grandmont was a Seller's Market.
Key Takeaway
Grandmont is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Grandmont, MI
How much do homes in Grandmont, MI cost?
Median Sold Price
$90,000
$68/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Grandmont has remained the same since last year.
Summary: The median home sold price in Grandmont was $90,000 in October 2024, the same as last year, and the median price per square foot was $68.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $51K | $42K | -17.6% |
| 3 Bedrooms | $87.3K | $87.3K | 0.0% |
| 4 Bedrooms | $125K | $127K | +1.6% |
| 5+ Bedrooms | $127.6K | $80K | -37.3% |
Summary: Grandmont 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 decreased by 17.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 37.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Harmony VIllage | $60K | $75K | +25.0% |
| West Central | $59.9K | $72K | +20.2% |
| Belmont | $70K | $81.7K | +16.8% |
| Grandmont | $90K | $90K | 0.0% |
Housing Supply in Grandmont, MI
How many homes are available in Grandmont, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 192 | 210 | +9.4% |
Summary: The Grandmont real estate market had 210 homes for sale in October 2024, a 9.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 147 | 160 | +8.8% |
| 4 Bedrooms | 26 | 30 | +15.4% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Grandmont 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 increased by 8.8%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 35 | -2.8% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grandmont, you may be able to get a good deal. 54.3% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Grandmont in October 2024, down by 2.8% month-over-month. Of the 35 sold homes, 54% were sold under asking, 20% were sold at asking, and 26% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 52 Days | +11.7% |
Summary: Homes in Grandmont had an average of 52 days on market in Oct 2024, up by 11.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
7 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 October 2024, 35 homes were sold in Grandmont; 46% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 20% 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.