$6,234 Closing Credit*
$525,000
3,204 SqFt
4 Beds
•2 Full Baths, 1 Partial
Susie Armiak, Listing Office: MBA Realty
Is Grosse Ile Township, 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, Grosse Ile Township has remained a Seller's Market.
Key Takeaway
Grosse Ile Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grosse Ile Township, MI
How much do homes in Grosse Ile Township, MI cost?
Median Sold Price
$370,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,000(+6.3%)
Key Takeaway
Homes in Grosse Ile Township have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Grosse Ile Township was $370,000 in November 2024, up 6.3% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $138K | $93.5K | -32.2% |
| 2 Bedrooms | $185K | $176K | -4.9% |
| 3 Bedrooms | $335K | $335K | 0.0% |
| 4 Bedrooms | $438K | $490K | +11.9% |
| 5+ Bedrooms | $650K | $540K | -16.9% |
Summary: Grosse Ile Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.2%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes decreased by 16.9%.
Median Sold Price Compared To Nearby Cities
| Grosse Ile Township | $348K | $370K | +6.3% |
| Grosse Ile | $348K | $370K | +6.3% |
| Wyandotte | $180K | $190K | +5.6% |
| Trenton | $228.1K | $232.5K | +1.9% |
Housing Supply in Grosse Ile Township, MI
How many homes are available in Grosse Ile Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 53 | 0.0% |
Summary: The Grosse Ile Township real estate market had 53 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 | 7 | 10 | +42.9% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 26 | 25 | -3.8% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Grosse Ile 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 increased by 42.9%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grosse Ile Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Grosse Ile Township in November 2024, down by 10.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Grosse Ile Township, MI
How long does it take to sell a home in Grosse Ile Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 33 Days | +8.5% |
Summary: Homes in Grosse Ile Township had an average of 33 days on market in Nov 2024, up by 8.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Grosse Ile Township has remained consistent over time.
Summary: During November 2024, 9 homes were sold in Grosse Ile Township; 44% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.