Bannister Housing Market Report April 2025•Gratiot County, Michigan

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Housing Prices in Bannister, MI

How much do homes in Bannister, MI cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$139,900$146/SqFt
-$9,800
-6.5%

Based on all homes listed in the last 12 months

Insight

The list price of homes in Bannister has decreased by 6.5% since last year.

Summary: The median home list price in Bannister was $139,900 in April 2025, down 6.5% from the previous year, and the median price per square foot was $146.

Median List Price By Cities

Median List Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Washington Township
+14.9%
Duplain Township
+14.7%
Elba Township
+3.8%
Bannister
-6.5%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsApr 2024Apr 2025Change YoY
1--
N/A
2$149.9K$114.9K
-23.3%
3$124.9K-
N/A
4$499.9K$139.9K
-72.0%
5$2.5M$2.5M
0.0%

Summary: Bannister housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -23.3%. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes decreased by -72.0%. The home price for 5 bedroom homes did not change.

How does Bannister, MI compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Bannister, MI

Housing supply in Bannister, MI

How many homes are available in Bannister, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
2Last MonthApr 2025
22 months agoMar 2025
0.0 %
Change MoMMar – Apr

Summary: The Bannister real estate market had 2 homes for sale in Apr 2025, the same as Mar 2025

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMar 2025Apr 2025Change MoM
100
0.0%
200
0.0%
300
0.0%
422
0.0%
500
0.0%

Summary: Bannister housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Bannister, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price2 Homes

Insight

If you're buying a home in Bannister, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Bannister in April 2025, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Bannister, MI

How long does it take to sell a home in Bannister, MI?

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
92 DaysThis YearApr 2025
215 Days1 year agoApr 2024
-57.2 %
Change YoYApr 2024 – Apr 2025

Summary: Homes in Bannister had an average listing age of 92 days in Apr 2025, down by 57.2% compared to the previous year.

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Newest Listings in Bannister, MI

What homes are available in Bannister, MI?

New listings aren’t available for Bannister, MI

Nearby markets

Nearby markets aren't available for Bannister, MI

Popular Cities with Homes for Sale in Michigan

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