$1,336 Closing Credit*
$112,500
660 SqFt
3 Beds
•1 Full Bath
Craig Hinkle, Listing Office: Re/Max Of Grayling
Is Grayling, 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, Grayling has remained a Seller's Market.
Key Takeaway
Grayling is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grayling, MI
How much do homes in Grayling, MI cost?
Median Sold Price
$184,900
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,400(+9.1%)
Key Takeaway
Homes in Grayling have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Grayling was $184,900 in October 2024, up 9.1% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $64.9K | -31.7% |
| 2 Bedrooms | $135K | $149.9K | +11.0% |
| 3 Bedrooms | $207.5K | $237K | +14.2% |
| 4 Bedrooms | $195K | $175K | -10.3% |
| 5+ Bedrooms | $386K | $485K | +25.6% |
Summary: Grayling housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.7%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 14.2%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 25.6%.
Median Sold Price Compared To Nearby Cities
| Grayling | $169.5K | $184.9K | +9.1% |
| Grayling Charter Township | $169.5K | $184.9K | +9.1% |
Housing Supply in Grayling, MI
How many homes are available in Grayling, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 | 69 | +9.5% |
Summary: The Grayling real estate market had 69 homes for sale in October 2024, a 9.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 31 | 35 | +12.9% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Grayling 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 increased by 14.3%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grayling, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Grayling in October 2024, up by 33.3% month-over-month. Of the 11 sold homes, 64% were sold under asking, 0% were sold at asking, and 36% were sold over asking.
Days on Market for Grayling, MI
How long does it take to sell a home in Grayling, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 31 Days | +89.9% |
Summary: Homes in Grayling had an average of 31 days on market in Oct 2024, up by 89.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grayling are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Grayling; 17% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.