$1,769 Closing Credit*
$149,000
1,300 SqFt
3 Beds
•2 Full Baths
Amanda DeMeyers, Listing Office: Houghton Lake Realty
Is Grayling, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$182,500
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,500(+10.6%)
Key Takeaway
Homes in Grayling have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Grayling was $182,500 in November 2024, up 10.6% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $64.9K | -31.7% |
| 2 Bedrooms | $138.2K | $149.9K | +8.5% |
| 3 Bedrooms | $202.4K | $237K | +17.1% |
| 4 Bedrooms | $197.4K | $185K | -6.3% |
| 5+ Bedrooms | $408K | $445K | +9.1% |
Summary: Grayling housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.7%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Cities
| Grayling | $165K | $182.5K | +10.6% |
| Grayling Charter Township | $165K | $182.5K | +10.6% |
Housing Supply in Grayling, MI
How many homes are available in Grayling, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 | 70 | +4.5% |
Summary: The Grayling real estate market had 70 homes for sale in November 2024, a 4.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 17 | 18 | +5.9% |
| 3 Bedrooms | 33 | 34 | +3.0% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Grayling housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Grayling, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Grayling in November 2024, up by 16.7% month-over-month. Of the 14 sold homes, 64% were sold under asking, 29% were sold at asking, and 7% were sold over asking.
Days on Market for Grayling, MI
How long does it take to sell a home in Grayling, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Grayling are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Grayling; 7% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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