$6,530 Closing Credit*
$549,900
2,439 SqFt
3 Beds
•3 Full Baths
Tanya A Biernat, Listing Office: Real Estate One-Rochester
Is Groveland Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Groveland Township was a Seller's Market.
Key Takeaway
Groveland Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Groveland Township, MI
How much do homes in Groveland Township, MI cost?
Median Sold Price
$443,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,500(+6.1%)
Key Takeaway
Homes in Groveland Township have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Groveland Township was $443,000 in October 2024, up 6.1% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $240K | $258.5K | +7.7% |
| 3 Bedrooms | $387.5K | $427K | +10.2% |
| 4 Bedrooms | $429.9K | $497.5K | +15.7% |
| 5+ Bedrooms | $1.3M | $1.0M | -26.0% |
Summary: Groveland Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes decreased by 26%.
Median Sold Price Compared To Nearby Cities
| Springfield Charter Township | $322.5K | $385K | +19.4% |
| Atlas Township | $298.7K | $345.4K | +15.6% |
| Davisburg | $379.9K | $434.2K | +14.3% |
| Groveland Township | $417.5K | $443K | +6.1% |
| Ortonville | $367K | $380K | +3.5% |
Housing Supply in Groveland Township, MI
How many homes are available in Groveland Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Summary: The Groveland Township real estate market had 12 homes for sale in October 2024, a 20.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Groveland Township 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Groveland Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Groveland Township in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Groveland Township, MI
How long does it take to sell a home in Groveland Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 1 Day | -96.9% |
Summary: Homes in Groveland Township had an average of 1 days on market in Oct 2024, down by 96.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Groveland Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Groveland Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
