$4,857 Closing Credit*
$409,000
2,984 SqFt
4 Beds
•3 Full Baths, 1 Partial
Karen E Gustafson, Listing Office: Five Star Real Estate
Is Gun Plain 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, Gun Plain Township has remained a Seller's Market.
Key Takeaway
Gun Plain Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gun Plain Township, MI
How much do homes in Gun Plain Township, MI cost?
Median Sold Price
$279,950
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$45,050(-13.9%)
Key Takeaway
Homes in Gun Plain Township have sold for 13.9% less than they did a year ago.
Summary: The median home sold price in Gun Plain Township was $279,950 in November 2024, down 13.9% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $171K | $200K | +17.0% |
| 3 Bedrooms | $273.5K | $258.7K | -5.4% |
| 4 Bedrooms | $347.5K | $400K | +15.1% |
| 5+ Bedrooms | $487.5K | $437K | -10.4% |
Summary: Gun Plain 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 increased by 17%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes decreased by 10.4%.
Median Sold Price Compared To Nearby Cities
| Cooper Charter Township | $229K | $264.8K | +15.6% |
| Plainwell | $275K | $263K | -4.4% |
| Martin Township | $275K | $257K | -6.5% |
| Gun Plain Township | $325K | $279.9K | -13.9% |
Housing Supply in Gun Plain Township, MI
How many homes are available in Gun Plain Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Summary: The Gun Plain Township real estate market had 23 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 13 | 15 | +15.4% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Gun Plain 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 15.4%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gun Plain Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Gun Plain Township in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Gun Plain Township, MI
How long does it take to sell a home in Gun Plain Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 6 Days | -67.5% |
Summary: Homes in Gun Plain Township had an average of 6 days on market in Nov 2024, down by 67.5% compared to last year.
Breakdown of Home Sale Times
4 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 Gun Plain Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Gun Plain 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.
