Groveland Township Housing Market Report February 2025•Oakland County, Michigan

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Housing Prices in Groveland Township, MI

How much do homes in Groveland Township, MI cost?

Housing Market Conditions

Is Groveland 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

Groveland Township is a Neutral Market

Difference Since January 2025

Last month, Groveland Township has remained a Neutral Market.

Insight

Groveland Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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.
$335,000$197/SqFt
-$140,000
-29.5%

Based on all homes sold in February 2025

Insight

Homes in Groveland Township have sold for 29.5% less than they did a month ago.

Summary: The median home sold price in Groveland Township was $335,000 in February 2025, down 29.5% from last month, and the median price per square foot was $197.

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.
BedsJan 2025Feb 2025Change MoM
1--
N/A
2--
N/A
3$475K$335K
-29.5%
4--
N/A
5--
N/A

Summary: Groveland Township housing price by bedroom type for February 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -29.5%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in Groveland Township, MI

How many homes are available in Groveland 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
7Last MonthFeb 2025
62 months agoJan 2025
+16.7 %
Change MoMJan – Feb

Summary: The Groveland Township real estate market had 7 homes for sale in Feb 2025, a 16.7 % increase compared to Jan 2025.

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
1Last MonthFeb 2025
12 months agoJan 2025
0.0 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
100
0.0%
200
0.0%
354
-20.0%
402
+100.0%
511
0.0%

Summary: Groveland Township housing inventory by bedroom type for February 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 decreased by -20.0%. The inventory for 4 bedroom homes increased by +100.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Groveland 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 Price0 Home

Under Asking Price1 Home

Insight

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

Summary: A total of 1 homes were sold or pending in Groveland Township in February 2025, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Groveland Township, MI

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

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

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

Summary: During February 2025, 1 homes were sold in Groveland Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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.
Last Month1 month agoChange MoM
41 DaysLast MonthFeb 2025
56 Days1 month agoJan 2025
-26.8 %
Change MoMJan – Feb

Summary: Homes in Groveland Township had an average listing age of 41 days in Feb 2025, down by 26.8% compared to the previous month.

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Newest Listings in Groveland Township, MI

What homes are available in Groveland Township, MI?

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MLS Disclaimers and Copyright

Based on information from RealComp II Ltd., and Michigan Regional Information Center LLC for the period 01/01/2025 - 03/01/2025

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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: 3/3/2025, 11:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/3/2025, 11:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.