$5,284 Closing Credit*
$445,000
2,070 SqFt
5 Beds
•3 Full Baths
Brian J Clinger, Listing Office: Coldwell Banker AJS (SE)
Is Grandville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$358,885
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,885(+8.1%)
Key Takeaway
Homes in Grandville have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Grandville was $358,885 in October 2024, up 8.1% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | $265K | -29.3% |
| 2 Bedrooms | $259.8K | $267K | +2.8% |
| 3 Bedrooms | $321.5K | $343.9K | +7.0% |
| 4 Bedrooms | $368K | $409.9K | +11.4% |
| 5+ Bedrooms | $562.5K | $604.9K | +7.5% |
Summary: Grandville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.3%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 7%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 86 | 83 | -3.5% |
Summary: The Grandville real estate market had 83 homes for sale in October 2024, a 3.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 8 | 12 | +50.0% |
| 3 Bedrooms | 37 | 43 | +16.2% |
| 4 Bedrooms | 30 | 19 | -36.7% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Grandville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 16.2%, 4 bedroom homes decreased by 36.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 26 | -7.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grandville, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Grandville in October 2024, down by 7.1% month-over-month. Of the 26 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 23 Days | -15.4% |
Summary: Homes in Grandville had an average of 23 days on market in Oct 2024, down by 15.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Grandville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in Grandville; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
