Is Grant Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grant Township is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Grant Township was a Seller's Market.

Key Takeaway

Grant Township 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 Grant Township, MI

How much do homes in Grant Township, MI cost?

Median Sold Price

$247,000

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,250(+8.5%)

Key Takeaway

Homes in Grant Township have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in Grant Township was $247,000 in November 2024, up 8.5% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$175K
N/A
2 $156K$162K
+3.8%
3 $219.5K$246.5K
+12.3%
4 $255K$237K
-7.1%
5+ $400K$327.5K
-18.1%

Summary: Grant Township 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 increased by 3.8%, 3 bedroom homes increased by 12.3%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 18.1%.

Median Sold Price Compared To Nearby Cities

Grant Township
+8.5%
Sheridan Township
-9.5%

Housing Supply in Grant Township, MI

How many homes are available in Grant Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5446-14.8%

Summary: The Grant Township real estate market had 46 homes for sale in November 2024, a 14.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 78
+14.3%
3 3027
-10.0%
4 118
-27.3%
5+ 63
-50.0%

Summary: The Grant Township 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 14.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
127-41.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

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 November 2024, down by 41.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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

Nov 2023Nov 2024CHANGE
9 Days42 Days+366.7%

Summary: Homes in Grant Township had an average of 42 days on market in Nov 2024, up by 366.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Grant Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in Grant Township; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Grant Township, MI

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