Gerrish Township Housing Market Report December 2024•Roscommon County, Michigan

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Housing Prices in Gerrish Township, MI

How much do homes in Gerrish Township, MI cost?

Housing Market Conditions

Is Gerrish Township, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Gerrish Township is a Seller's Market

Difference Since December 2023

At the same time last year, Gerrish Township was a Buyer's Market.

Insight

Gerrish Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$242,500$180/SqFt
+$7,500
+3.2%

Based on all homes sold in the last 12 months

Insight

Homes in Gerrish Township have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in Gerrish Township was $242,500 in December 2024, up 3.2% from last year, and the median price per square foot was $180.

Median Sold Price By City

Median Sold Price By City
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
Lyon Township
+12.2%
Beaver Creek Township
+4.6%
Gerrish Township
+3.2%
South Branch Township
+3.1%

Median Sold Price By Bedrooms

Median Sold 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.
BedsDec 2023Dec 2024Change YoY
1$127.5K$132.5K
+3.9%
2$165K$165K
0.0%
3$240.5K$270K
+12.3%
4$448.5K$415K
-7.5%
5$1.0M$2.6M
+151.9%

Summary: Gerrish Township housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +3.9%. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +12.3%. The home price for 4 bedroom homes decreased by -7.5%. The home price for 5 bedroom homes increased by +151.9%.

Housing supply in Gerrish Township, MI

How many homes are available in Gerrish Township, 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
27Last MonthDec 2024
342 months agoNov 2024
-20.6 %
Change MoMNov – Dec

Summary: The Gerrish Township real estate market had 27 homes for sale in Dec 2024, a 20.6 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
5Last MonthDec 2024
82 months agoNov 2024
-37.5 %
Change MoMNov – Dec

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.
BedsNov 2024Dec 2024Change MoM
111
0.0%
298
-11.1%
31510
-33.3%
465
-16.7%
533
0.0%

Summary: Gerrish Township housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -11.1%. The inventory for 3 bedroom homes decreased by -33.3%. The inventory for 4 bedroom homes decreased by -16.7%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Gerrish Township, 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 Price2 Homes

Under Asking Price3 Homes

Insight

If you're buying a home in Gerrish Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Gerrish Township in December 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and and 0% were sold over asking.

Days on Market for Gerrish Township, MI

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

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days2 Homes

Over 90 Days1 Home

Insight

Avg time on Rocket Homes in Gerrish Township has remained consistent over time.

Summary: During December 2024, 5 homes were sold in Gerrish Township; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
79 DaysThis YearDec 2024
0 Days1 year agoDec 2023
0.0 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Gerrish Township had an average listing age of 79 days in Dec 2024, down by .0% compared to the previous year.

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Newest Listings in Gerrish Township, MI

What homes are available in Gerrish Township, MI?

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Based on information from Water Wonderland MLS Inc., RealComp II Ltd., Northern Michigan MLS, Northern Great Lakes Realtors MLS, and MiRealSource Inc. DL for the period 01/01/2023 - 01/01/2025

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Last updated on: 1/18/2025, 1:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 1/18/2025, 1:21:06 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2025 NM-MLS. All rights reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 1:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 Northern Great Lakes REALTORS® MLS™ All Rights Reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 1:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 1/18/2025, 1:21:09 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.