Is Frenchtown Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Frenchtown Township has remained a Seller's Market.
Housing Prices in Frenchtown Township, MI
How much do homes in Frenchtown Township, MI cost?
Median Sold Price
$217,500
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Frenchtown Township was $217,500 in April 2024, up 3.4% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $66.5K | $102.5K | +54.1% |
2 Bedrooms | $138K | $162.5K | +17.8% |
3 Bedrooms | $210.7K | $215K | +2.0% |
4 Bedrooms | $287.9K | $325.7K | +13.1% |
5+ Bedrooms | $322K | $355K | +10.2% |
Summary: Frenchtown Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54.1%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 10.2%.
Median Sold Price Compared To Nearby Cities
Monroe | $170.2K | $209.9K | +23.3% |
Monroe Charter Township | $180.3K | $209.9K | +16.5% |
Frenchtown Township | $210.2K | $217.5K | +3.4% |
Newport | $275K | $257K | -6.5% |
Housing Supply in Frenchtown Township, MI
How many homes are available in Frenchtown Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 56 | +5.7% |
Summary: The Frenchtown Township real estate market had 56 homes for sale in April 2024, a 5.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 12 | +71.4% |
3 Bedrooms | 38 | 33 | -13.2% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Frenchtown Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 71.4%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 17 | +30.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Frenchtown Township in April 2024, up by 30.8% month-over-month. Of the 17 sold homes, 47% were sold under asking, 24% were sold at asking, and 29% were sold over asking.
Days on Market for Frenchtown Township, MI
How long does it take to sell a home in Frenchtown Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 40 Days | +45.8% |
Summary: Homes in Frenchtown Township had an average of 40 days on market in Apr 2024, up by 45.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Frenchtown Township; 53% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.