$279,000
31.39 Acres
Land
Teri Aiuto, Listing Office: Manchester Real Estate LLC
Is Grass Lake, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Grass Lake was a Seller's Market.
Key Takeaway
Grass Lake 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 Grass Lake, MI
How much do homes in Grass Lake, MI cost?
Median Sold Price
$337,450
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,650(+0.8%)
Key Takeaway
Homes in Grass Lake have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Grass Lake was $337,450 in November 2024, up 0.8% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330K | $160.5K | -51.4% |
| 2 Bedrooms | $192K | $161.3K | -16.0% |
| 3 Bedrooms | $335K | $310.4K | -7.3% |
| 4 Bedrooms | $420.5K | $470K | +11.8% |
| 5+ Bedrooms | $480K | $493K | +2.7% |
Summary: Grass Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.4%, 2 bedroom homes decreased by 16%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Grass Lake Charter Township | $335K | $339.9K | +1.5% |
| Grass Lake | $334.8K | $337.4K | +0.8% |
Housing Supply in Grass Lake, MI
How many homes are available in Grass Lake, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 34 | 0.0% |
Summary: The Grass Lake real estate market had 34 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Grass Lake 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 decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grass Lake, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Grass Lake in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Grass Lake, MI
How long does it take to sell a home in Grass Lake, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 68 Days | +208.6% |
Summary: Homes in Grass Lake had an average of 68 days on market in Nov 2024, up by 208.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Grass Lake has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Grass Lake; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
