Is Fabius Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Fabius Township was a Seller's Market.
Key Takeaway
Fabius Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fabius Township, MI
How much do homes in Fabius Township, MI cost?
Median Sold Price
$260,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fabius Township have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Fabius Township was $260,000 in April 2024, up 0.9% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $160K | N/A |
| 2 Bedrooms | $318K | $140K | -56.0% |
| 3 Bedrooms | $240.8K | $268.5K | +11.5% |
| 4 Bedrooms | $290.3K | $260K | -10.5% |
| 5+ Bedrooms | $385K | $911.2K | +136.7% |
Summary: Fabius Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 56%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes increased by 136.7%.
Median Sold Price Compared To Nearby Cities
| Three Rivers | $178.9K | $217K | +21.3% |
| Lockport Township | $225K | $267.6K | +19.0% |
| Fabius Township | $257.7K | $260K | +0.9% |
| Constantine Township | $196K | $180K | -8.2% |
| Flowerfield Township | $337.5K | $268K | -20.6% |
Housing Supply in Fabius Township, MI
How many homes are available in Fabius Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Summary: The Fabius Township real estate market had 10 homes for sale in April 2024, a 16.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 0 | -100.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Fabius 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 decreased by 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 1 | -83.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fabius 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 Fabius Township in April 2024, down by 83.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Fabius Township, MI
How long does it take to sell a home in Fabius Township, MI?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fabius Township has remained consistent over time.
Summary: During April 2024, 1 homes were sold in Fabius 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.
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.