Is Groveland Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Groveland Township was a Seller's Market.
Housing Prices in Groveland Township, MI
How much do homes in Groveland Township, MI cost?
Median Sold Price
$432,500
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Groveland Township was $432,500 in May 2024, up 13.5% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $285.5K | $240K | -15.9% |
3 Bedrooms | $349.9K | $430K | +22.9% |
4 Bedrooms | $450K | $439.9K | -2.2% |
5+ Bedrooms | $440K | $929K | +111.1% |
Summary: Groveland Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.9%, 3 bedroom homes increased by 22.9%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 111.1%.
Median Sold Price Compared To Nearby Cities
Groveland Township | $381K | $432.5K | +13.5% |
Atlas Township | $300K | $330K | +10.0% |
Ortonville | $350K | $380K | +8.6% |
Springfield Charter Township | $350K | $367.5K | +5.0% |
Davisburg | $403K | $402.5K | -0.1% |
Housing Supply in Groveland Township, MI
How many homes are available in Groveland Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 14 | +16.7% |
Summary: The Groveland Township real estate market had 14 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Groveland Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Groveland Township in May 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 8 Days | -67.2% |
Summary: Homes in Groveland Township had an average of 8 days on market in May 2024, down by 67.2% 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
Summary: During May 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.