Is Fowlerville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fowlerville has remained a Seller's Market.
Key Takeaway
Fowlerville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fowlerville, MI
How much do homes in Fowlerville, MI cost?
Median Sold Price
$316,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fowlerville have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in Fowlerville was $316,000 in May 2024, up 12.9% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $180K | $221K | +22.8% |
| 3 Bedrooms | $268.2K | $302.5K | +12.8% |
| 4 Bedrooms | $319.9K | $336.1K | +5.1% |
| 5+ Bedrooms | $450K | $324.9K | -27.8% |
Summary: Fowlerville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.8%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 27.8%.
Median Sold Price Compared To Nearby Cities
| Handy Township | $275K | $313.2K | +13.9% |
| Fowlerville | $279.9K | $316K | +12.9% |
Housing Supply in Fowlerville, MI
How many homes are available in Fowlerville, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 49 | 63 | +28.6% |
Summary: The Fowlerville real estate market had 63 homes for sale in May 2024, a 28.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 24 | 34 | +41.7% |
| 4 Bedrooms | 23 | 25 | +8.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Fowlerville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 26 | +136.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fowlerville, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Fowlerville in May 2024, up by 136.4% month-over-month. Of the 26 sold homes, 23% were sold under asking, 27% were sold at asking, and 50% were sold over asking.
Days on Market for Fowlerville, MI
How long does it take to sell a home in Fowlerville, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 18 Days | -43.2% |
Summary: Homes in Fowlerville had an average of 18 days on market in May 2024, down by 43.2% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fowlerville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 26 homes were sold in Fowlerville; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. 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, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.