$5,047 Closing Credit*
$425,000
3,534 SqFt
5 Beds
•3 Full Baths, 1 Partial
Zack Lessner, Listing Office: New Michigan Realty
Is Groveland Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Groveland Township was a Buyer's Market.
Key Takeaway
Groveland Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Groveland Township, MI
How much do homes in Groveland Township, MI cost?
Median Sold Price
$440,750
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,750(+3.7%)
Key Takeaway
Homes in Groveland Township have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Groveland Township was $440,750 in November 2024, up 3.7% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $240K | $227K | -5.4% |
| 3 Bedrooms | $425K | $407K | -4.2% |
| 4 Bedrooms | $439.9K | $485K | +10.3% |
| 5+ Bedrooms | $1.3M | $753K | -44.3% |
Summary: Groveland Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.4%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 44.3%.
Median Sold Price Compared To Nearby Cities
| Springfield Charter Township | $325K | $385K | +18.5% |
| Davisburg | $387K | $429.2K | +10.9% |
| Atlas Township | $303K | $333.1K | +9.9% |
| Groveland Township | $425K | $440.7K | +3.7% |
| Ortonville | $371K | $376K | +1.4% |
Housing Supply in Groveland Township, MI
How many homes are available in Groveland Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The Groveland Township real estate market had 10 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Groveland 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Groveland Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Groveland Township in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 7 Days | 8 Days | +19.0% |
Summary: Homes in Groveland Township had an average of 8 days on market in Nov 2024, up by 19% compared to last year.
Breakdown of Home Sale Times
3 Homes Were 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 November 2024, 3 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.
