$2,731 Closing Credit*
$230,000
1,060 SqFt
2 Beds
•1 Full Bath, 1 Partial
James S Shull, Listing Office: Five Star Real Estate (Main)
Is Grant Township, 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, Grant Township has remained a Seller's Market.
Key Takeaway
Grant Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grant Township, MI
How much do homes in Grant Township, MI cost?
Median Sold Price
$247,500
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,500(+9.0%)
Key Takeaway
Homes in Grant Township have sold for 9% more than they did a year ago.
Summary: The median home sold price in Grant Township was $247,500 in October 2024, up 9% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $175K | N/A |
| 2 Bedrooms | $163K | $176.9K | +8.6% |
| 3 Bedrooms | $224K | $246.7K | +10.2% |
| 4 Bedrooms | $256.5K | $267.4K | +4.3% |
| 5+ Bedrooms | $365K | $327.5K | -10.3% |
Summary: Grant Township 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 increased by 8.6%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 10.3%.
Median Sold Price Compared To Nearby Cities
| Ensley Township | $227.5K | $260.4K | +14.5% |
| Tyrone Township | $277K | $310.5K | +12.1% |
| Grant Township | $227K | $247.5K | +9.0% |
| Brooks Township | $310K | $310K | 0.0% |
Housing Supply in Grant Township, MI
How many homes are available in Grant Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 37 | +23.3% |
Summary: The Grant Township real estate market had 37 homes for sale in October 2024, a 23.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 12 | 19 | +58.3% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Grant Township 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 decreased by 40%, 3 bedroom homes increased by 58.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grant Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Grant Township in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.
Days on Market for Grant Township, MI
How long does it take to sell a home in Grant Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 26 Days | +38.1% |
Summary: Homes in Grant Township had an average of 26 days on market in Oct 2024, up by 38.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Grant Township has remained consistent over time.
Summary: During October 2024, 7 homes were sold in Grant Township; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
