$2,672 Closing Credit*
$225,000
3,024 SqFt
4 Beds
•2 Full Baths
Laurie A Jamison, Listing Office: Northern Homes Realty
Is Grayling Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Grayling Charter Township has remained a Seller's Market.
Key Takeaway
Grayling Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grayling Charter Township, MI
How much do homes in Grayling Charter Township, MI cost?
Median Sold Price
$186,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$26,000(+16.3%)
Key Takeaway
Homes in Grayling Charter Township have sold for 16.3% more than they did a year ago.
Summary: The median home sold price in Grayling Charter Township was $186,000 in December 2024, up 16.3% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $71.4K | -24.8% |
| 2 Bedrooms | $142K | $145.9K | +2.8% |
| 3 Bedrooms | $199.9K | $245K | +22.6% |
| 4 Bedrooms | $177.5K | $237.5K | +33.8% |
| 5+ Bedrooms | $365K | $485K | +32.9% |
Summary: Grayling Charter Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.8%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 22.6%, 4 bedroom homes increased by 33.8%, and 5+ bedroom homes increased by 32.9%.
Median Sold Price Compared To Nearby Cities
| Grayling | $160K | $187K | +16.9% |
| Grayling Charter Township | $160K | $186K | +16.3% |
| Beaver Creek Township | $199.2K | $208.4K | +4.6% |
| Frederic Township | $238.5K | $226.2K | -5.1% |
| Frederic | $240K | $220K | -8.3% |
Housing Supply in Grayling Charter Township, MI
How many homes are available in Grayling Charter Township, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 67 | 63 | -6.0% |
Summary: The Grayling Charter Township real estate market had 63 homes for sale in December 2024, a 6.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 18 | 20 | +11.1% |
| 3 Bedrooms | 32 | 29 | -9.4% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Grayling Charter Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Grayling Charter Township, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Grayling Charter Township in December 2024, up by 23.1% month-over-month. Of the 16 sold homes, 88% were sold under asking, 6% were sold at asking, and 6% were sold over asking.
Days on Market for Grayling Charter Township, MI
How long does it take to sell a home in Grayling Charter Township, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 57 Days | 66 Days | +16.1% |
Summary: Homes in Grayling Charter Township had an average of 66 days on market in Dec 2024, up by 16.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Grayling Charter Township has remained consistent over time.
Summary: During December 2024, 16 homes were sold in Grayling Charter Township; 0% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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