Is Fremont, 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, Fremont has remained a Seller's Market.
Key Takeaway
Fremont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fremont, MI
How much do homes in Fremont, MI cost?
Median Sold Price
$225,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fremont have sold for 16.6% more than they did a year ago.
Summary: The median home sold price in Fremont was $225,000 in May 2024, up 16.6% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118.5K | $119.5K | +0.8% |
| 2 Bedrooms | $150K | $180K | +20.0% |
| 3 Bedrooms | $184.5K | $224.7K | +21.8% |
| 4 Bedrooms | $270K | $299.9K | +11.1% |
| 5+ Bedrooms | $360K | $256K | -28.9% |
Summary: Fremont housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 21.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 28.9%.
Median Sold Price Compared To Nearby Cities
| Sheridan Charter Township | $198K | $238.9K | +20.7% |
| Fremont | $193K | $225K | +16.6% |
| Dayton Township | $295K | $304.5K | +3.2% |
Housing Supply in Fremont, MI
How many homes are available in Fremont, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 33 | -13.2% |
Summary: The Fremont real estate market had 33 homes for sale in May 2024, a 13.2% decrease 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 | 8 | 9 | +12.5% |
| 3 Bedrooms | 16 | 12 | -25.0% |
| 4 Bedrooms | 10 | 6 | -40.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Fremont 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 12.5%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fremont, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Fremont in May 2024, down by 20.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Fremont, MI
How long does it take to sell a home in Fremont, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 59 Days | +127.1% |
Summary: Homes in Fremont had an average of 59 days on market in May 2024, up by 127.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fremont are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Fremont; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
