New - 54 minutes on Rocket
$3,561 Closing Credit¹
#201833603, Morgan Robinson, Listing Office: NextHome Up North
Grayling Housing Market Report February 2025•Crawford County, Michigan
Housing Prices in Grayling, MI
How much do homes in Grayling, MI cost?
Housing Market Conditions
Is Grayling, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Grayling is a Seller's Market
Difference Since February 2024
Since last year, Grayling has remained a Seller's Market.
Insight
Grayling is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$175,000$134/SqFt
-$10,000
-5.4%
Based on all homes sold in the last 12 months
Insight
Homes in Grayling have sold for 5.4% less than they did a year ago.
Summary: The median home sold price in Grayling was $175,000 in February 2025, down 5.4% from last year, and the median price per square foot was $134.
Median Sold Price By Cities
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Grayling Charter Township | $185K | $175K | -5.4% |
| Grayling | $185K | $175K | -5.4% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $88K | $71.4K | -18.8% |
| 22 Bedrooms | $150.8K | $142K | -5.9% |
| 33 Bedrooms | $210K | $242K | +15.2% |
| 44 Bedrooms | $195K | $225K | +15.4% |
| 55+ Bedrooms | $430K | $445K | +3.5% |
Summary: Grayling housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -18.8%. The home price for 2 bedroom homes decreased by -5.9%. The home price for 3 bedroom homes increased by +15.2%. The home price for 4 bedroom homes increased by +15.4%. The home price for 5 bedroom homes increased by +3.5%.
Housing supply in Grayling, MI
How many homes are available in Grayling, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 39Last MonthFeb 2025 | ||
| 412 months agoJan 2025 | -4.9 % Change MoMJan – Feb |
Summary: The Grayling real estate market had 39 homes for sale in Feb 2025, a 4.9 % decrease compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 9Last MonthFeb 2025 | ||
| 122 months agoJan 2025 | -25.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 2 | +100.0% |
| 22 Bedrooms | 12 | 8 | -33.3% |
| 33 Bedrooms | 15 | 18 | +20.0% |
| 44 Bedrooms | 10 | 9 | -10.0% |
| 55+ Bedrooms | 3 | 2 | -33.3% |
Summary: Grayling housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes decreased by -33.3%. The inventory for 3 bedroom homes increased by +20.0%. The inventory for 4 bedroom homes decreased by -10.0%. The inventory for 5 bedroom homes decreased by -33.3%.
Asking Price vs. Sold Price
How much do homes in Grayling, MI cost?
Over Asking Price1 Home
At Asking Price1 Home
Under Asking Price7 Homes
Insight
If you're buying a home in Grayling, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Grayling in February 2025, down by 25.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and and 11% were sold over asking.
Days on Market for Grayling, MI
How long does it take to sell a home in Grayling, MI?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days2 Homes
Over 90 Days0 Home
Insight
Avg time on Rocket Homes in Grayling has remained consistent over time.
Summary: During February 2025, 9 homes were sold in Grayling; 0% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 62 DaysThis YearFeb 2025 | ||
| 0 Days1 year agoFeb 2024 | 0.0 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Grayling had an average listing age of 62 days in Feb 2025, down by .0% compared to the previous year.
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Newest Listings in Grayling, MI
What homes are available in Grayling, MI?
New - 5 days on Rocket
$4,714 Closing Credit¹
#1931206, Brad Scheer, Listing Office: Premier Waterfront Realty
New - 5 days on Rocket
$2,255 Closing Credit¹
#201833546, Betty Partello, Listing Office: River Country Realty
New - 6 days on Rocket
$4,714 Closing Credit¹
#201833533, Brad Scheer, Listing Office: Premier Waterfront Realty
$1,306 Closing Credit¹
#201833481, Betty Partello, Listing Office: River Country Realty
$5,461 Closing Credit¹
#201833445, Michelle E Millikin, Listing Office: Homewaters, L.L.C. Grayling
#201833435, Mary E. Becker, Listing Office: Heart of Up North Realty, LLC
$4,511 Closing Credit¹
#201833431, April Marshall, Listing Office: KW Northern Michigan Team Partners
$3,551 Closing Credit¹
#201833422, Boals Masse Team, Listing Office: NextHome Up North
$4,749 Closing Credit¹
#201833365, Aaron Raymond, Listing Office: Century 21 Realty North Grayling
$3,561 Closing Credit¹
#201833330, Will Tomaski, Listing Office: smith realty GROUP
Backup offers
$2,849 Closing Credit¹
#201833306, Chet Wheeler, Listing Office: Re/Max Of Grayling
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MLS Disclaimers and Copyright
Based on information from Water Wonderland MLS Inc., Northern Great Lakes Realtors MLS, and RealComp II Ltd. for the period 03/01/2023 - 03/01/2025
© 2025 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. 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. 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 Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/10/2025, 12:20:52 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: 3/10/2025, 12:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/10/2025, 12:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. IDX information is provided exclusively 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/10/2025, 12:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.