$712 Closing Credit*
$59,999
837 SqFt
2 Beds
•1 Full Bath
#50161309, AVIS MEYERS-KETOLA, Listing Office: CENTURY 21 PRIME REALTY
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
$184,000
$194/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$17,150(-8.5%)
Key Takeaway
Homes in Gwinn have sold for 8.5% less than they did a month ago.
Summary: The median home sold price in Gwinn was $184,000 in October 2024, down 8.5% from last month, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | - | N/A |
| 2 Bedrooms | $312.5K | $184K | -41.1% |
| 3 Bedrooms | $201.1K | $198K | -1.6% |
| 4 Bedrooms | $425K | - | N/A |
| 5+ Bedrooms | $153K | - | N/A |
Summary: Gwinn housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 41.1%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Richmond Township | $230K | $295K | +28.3% |
| Gwinn | $201.1K | $184K | -8.5% |
| Forsyth Township | $270.6K | $196.5K | -27.4% |
| Sands Township | $337.7K | $215K | -36.3% |
Housing Supply in Gwinn, MI
How many homes are available in Gwinn, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 25 | -16.7% |
Summary: The Gwinn real estate market had 25 homes for sale in October 2024, a 16.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Gwinn housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gwinn, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Gwinn in October 2024, down by 33.3% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 31 Days | +122.6% |
Summary: Homes in Gwinn had an average of 31 days on market in Oct 2024, up by 122.6% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 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 October 2024, 6 homes were sold in Gwinn; 67% of homes were sold within 30 days, 33% 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.