$2,671 Closing Credit*
$224,900
1,434 SqFt
3 Beds
•1 Full Bath, 1 Partial
Randy L Reeds, Listing Office: Reeds Realty
Is Grandville, 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, Grandville has remained a Seller's Market.
Key Takeaway
Grandville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grandville, MI
How much do homes in Grandville, MI cost?
Median Sold Price
$359,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,428(+7.0%)
Key Takeaway
Homes in Grandville have sold for 7% more than they did a year ago.
Summary: The median home sold price in Grandville was $359,000 in November 2024, up 7% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | $257.5K | -31.3% |
| 2 Bedrooms | $260K | $271.5K | +4.4% |
| 3 Bedrooms | $323K | $342K | +5.9% |
| 4 Bedrooms | $368K | $409.9K | +11.4% |
| 5+ Bedrooms | $562.5K | $604.9K | +7.5% |
Summary: Grandville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.3%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 7.5%.
Housing Supply in Grandville, MI
How many homes are available in Grandville, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 86 | 76 | -11.6% |
Summary: The Grandville real estate market had 76 homes for sale in November 2024, a 11.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 12 | 14 | +16.7% |
| 3 Bedrooms | 46 | 38 | -17.4% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Grandville 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 16.7%, 3 bedroom homes decreased by 17.4%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 20 | -31.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grandville, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Grandville in November 2024, down by 31.0% month-over-month. Of the 20 sold homes, 45% were sold under asking, 10% were sold at asking, and 45% were sold over asking.
Days on Market for Grandville, MI
How long does it take to sell a home in Grandville, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 59 Days | 24 Days | -58.8% |
Summary: Homes in Grandville had an average of 24 days on market in Nov 2024, down by 58.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grandville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in Grandville; 85% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
