Is Frankfort, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Frankfort has remained a Buyer's Market.
Housing Prices in Frankfort, MI
How much do homes in Frankfort, MI cost?
Median Sold Price
$410,000
$173/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Frankfort was $410,000 in April 2024, down 54.4% from last month, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | - | $410K | N/A |
4 Bedrooms | $900K | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Frankfort housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Frankfort, MI
How many homes are available in Frankfort, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Summary: The Frankfort real estate market had 12 homes for sale in April 2024, a 50.0% 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 | 0 | 1 | +100.0% |
3 Bedrooms | 3 | 6 | +100.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Frankfort 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 100%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Frankfort in April 2024, the same as the previous 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 Frankfort, MI
How long does it take to sell a home in Frankfort, MI?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
219 Days | 147 Days | -32.9% |
Summary: Homes in Frankfort had an average of 147 days on market in Apr 2024, down by 32.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in Frankfort; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.