Is Fenton, 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, Fenton has remained a Seller's Market.
Housing Prices in Fenton, MI
How much do homes in Fenton, MI cost?
Median Sold Price
$345,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fenton was $345,000 in April 2024, up 13.1% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $182.4K | $229K | +25.5% |
2 Bedrooms | $241.6K | $230K | -4.8% |
3 Bedrooms | $285K | $331K | +16.1% |
4 Bedrooms | $390K | $439.9K | +12.8% |
5+ Bedrooms | $562.5K | $539K | -4.2% |
Summary: Fenton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.5%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Cities
Fenton | $285K | $345.1K | +21.1% |
Fenton | $305K | $345K | +13.1% |
Fenton Charter Township | $320K | $346.2K | +8.2% |
Tyrone Township | $399.9K | $417.5K | +4.4% |
Rose Township | $349.9K | $355K | +1.5% |
Housing Supply in Fenton, MI
How many homes are available in Fenton, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
104 | 124 | +19.2% |
Summary: The Fenton real estate market had 124 homes for sale in April 2024, a 19.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 17 | 27 | +58.8% |
3 Bedrooms | 55 | 65 | +18.2% |
4 Bedrooms | 21 | 23 | +9.5% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Fenton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 58.8%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 35 | +9.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Fenton in April 2024, up by 9.4% month-over-month. Of the 35 sold homes, 40% were sold under asking, 17% were sold at asking, and 43% were sold over asking.
Days on Market for Fenton, MI
How long does it take to sell a home in Fenton, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
84 Days | 23 Days | -72.0% |
Summary: Homes in Fenton had an average of 23 days on market in Apr 2024, down by 72% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 35 homes were sold in Fenton; 80% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.