Grass Lake, MI Home Values & Market Trends
Real estate market trends reflect that there have been 121 transactions over the past year in Grass Lake. The median value for residential home transactions that occurred over the previous year is $311,104.83. The number of current listings in Grass Lake is 19, and the percentage of properties for sale in the city is 19.00%. Grass Lake, MI currently has 1 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 19 properties for sale.
Grass Lake, MI Real Estate Market Overview
Zip | Median Est. Value |
---|---|
49240 | $ 379,900 $ 143/sqft |
Housing Market Summary for Grass Lake, MI
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $279.4K | $300.3K | 7.47% |
Median Sold Price | $289.6K | $300.3K | 3.70% |
Homes For Sale | 12 | 14 | 16.67% |
Homes Sold | 68 | 73 | 7.35% |
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 Grass Lake, MI
Browse Homes in Grass Lake, MI
Grass Lake home values range from $23,158 to $3,918,421. The median estimated value of a home in Grass Lake is $311,104.83. The median list price of a home is 430,000, and the total count of properties in the city is 3,968.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Grass Lake, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Grass Lake, MI; of that zips, 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 Grass Lake, MI ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Grass Lake, MI. There is 1 zips within Grass Lake, MI; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions49240 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Grass Lake, MI. Auction homes and other auction properties account for 0.03% of all properties in Grass Lake, MI. There is 1 zips within Grass Lake, MI; of that zips, the median estimated home value for homes going to auction ranges from $243,963 in 49240 to the lowest value of $243,963 in 49240.
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More Real Estate Resources for Grass Lake, MI
Guide for Grass Lake, 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.
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