Gratiot County, MI Home Values & Market Trends
The median home price in Gratiot County, MI is $142,074.44. There were 494 home sales in Gratiot County, MI over the past 12 months. The median residential Gratiot County, MI home value for transactions over the previous year is $127,500. The number of current listings in Gratiot County, MI is 75, and the percentage of properties for sale is 75.00%. The county has 21 foreclosures, 9 bank owned properties, 12 headed for auction, and 75 properties for sale.
Gratiot County, MI Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Alma | $ 130,000 $ 97/sqft | Wheeler | $ 294,841 $ 232/sqft |
| Saint Louis | $ 128,927 $ 94/sqft | Breckenridge | $ 592,986 $ 46/sqft |
| Ithaca | $ 180,000 $ 107/sqft | Elwell | $ 272,685 $ 167/sqft |
| Riverdale | $ 319,900 $ 121/sqft | Ashley | $ 139,900 $ 116/sqft |
| Middleton | $ 399,900 $ 146/sqft | North Star | $ -- $ -- |
| Perrinton | $ 294,947 $ 123/sqft | Bannister | $ -- $ -- |
| Pompeii | $ 166,399 $ 77/sqft | Sumner | $ -- $ -- |
Housing Market Summary for Gratiot County, MI
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $135K | $138.8K | 2.81% |
| Median Sold Price | $128.9K | $138.8K | 7.65% |
| Homes For Sale | 61 | 73 | 19.67% |
| Homes Sold | 363 | 312 | -14.05% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Gratiot County, MI
Browse Homes in Gratiot County, MI
Gratiot County, MI home values range from $17,836 to $1,772,682. Breckenridge is the priciest city with a median listing home price of $1,100,000, and Ashley is most affordable with average house prices of around $139,900.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Gratiot County, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 14 cities within Gratiot County, MI; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Gratiot County, MI ranges from the highest value of $106,585 in Ithaca to the lowest value of $63,955 in Saint Louis. Bank owned homes and properties account for 0.07% of properties in Gratiot County, MI. There are 14 cities within Gratiot County, MI; Saint Louis containing 3 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsBreckenridge has 3 auction properties, the highest number of properties going to auction in a single city in the state of Gratiot County, MI. Auction homes and other auction properties account for 0.09% of all properties in Gratiot County, MI. There are 14 cities within Gratiot County, MI; of those cities, the median estimated home value for homes going to auction ranges from $255,082 in Riverdale to the lowest value of $56,081 in Riverdale.
Compare Nearby Cities
More Real Estate Resources for Gratiot County, MI
Guide for Gratiot County, MI
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
Why Buying a Foreclosure is a Smart Move
The Knoxville real estate market is seeing fluctuations in property prices, with the average value at $399,900 as of March 2024.