$279,000
31.39 Acres
Land
Teri Aiuto, Listing Office: Manchester Real Estate LLC
Is Grass Lake Charter Township, 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 Charter Township was a Seller's Market.
Key Takeaway
Grass Lake Charter Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Grass Lake Charter Township, MI
How much do homes in Grass Lake Charter Township, MI cost?
Median Sold Price
$339,900
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,900(+1.5%)
Key Takeaway
Homes in Grass Lake Charter Township have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Grass Lake Charter Township was $339,900 in November 2024, up 1.5% 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 | $337.5K | $319.4K | -5.3% |
| 4 Bedrooms | $420.2K | $485K | +15.4% |
| 5+ Bedrooms | $480K | $493K | +2.7% |
Summary: Grass Lake Charter Township 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 5.3%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Sylvan Township | $399.9K | $450K | +12.5% |
| Grass Lake Charter Township | $335K | $339.9K | +1.5% |
| Grass Lake | $334.8K | $337.4K | +0.8% |
| Waterloo Township | $340K | $299.9K | -11.8% |
Housing Supply in Grass Lake Charter Township, MI
How many homes are available in Grass Lake Charter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 36 | -2.7% |
Summary: The Grass Lake Charter Township real estate market had 36 homes for sale in November 2024, a 2.7% decrease compared to 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 | 19 | 19 | 0.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Grass Lake Charter 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 decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
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 Charter Township, 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 Charter Township in November 2024, down by 28.6% 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 Charter Township, MI
How long does it take to sell a home in Grass Lake Charter Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 68 Days | +208.6% |
Summary: Homes in Grass Lake Charter Township 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 Charter Township has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Grass Lake Charter Township; 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.
