$2,886 Closing Credit*
$243,000
1,116 SqFt
1 Bed
•1 Full Bath
#50163011, BRIAN OLSON, Listing Office: NORTHERN MICHIGAN LAND BROKERS
Is Gwinn, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Gwinn has remained a Seller's Market.
Key Takeaway
Gwinn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gwinn, MI
How much do homes in Gwinn, MI cost?
Median Sold Price
$373,500
$157/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$158,500(+73.7%)
Key Takeaway
Homes in Gwinn have sold for 73.7% more than they did a month ago.
Summary: The median home sold price in Gwinn was $373,500 in November 2024, up 73.7% from last month, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $135K | N/A |
| 2 Bedrooms | $184K | - | N/A |
| 3 Bedrooms | $198K | $393.7K | +98.9% |
| 4 Bedrooms | $224.5K | $462K | +105.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Gwinn housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 98.9%, 4 bedroom homes increased by 105.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Sands Township | $215K | $502K | +133.5% |
| Gwinn | $215K | $373.5K | +73.7% |
| Forsyth Township | $224.5K | $373.5K | +66.4% |
Housing Supply in Gwinn, MI
How many homes are available in Gwinn, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Summary: The Gwinn real estate market had 24 homes for sale in November 2024, a 7.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Gwinn 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 decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Gwinn, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Gwinn in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Gwinn, MI
How long does it take to sell a home in Gwinn, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 24 Days | -21.9% |
Summary: Homes in Gwinn had an average of 24 days on market in Nov 2024, down by 21.9% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gwinn are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Gwinn; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.