Is Fruitland Township, 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, Fruitland Township has remained a Seller's Market.
Key Takeaway
Fruitland Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fruitland Township, MI
How much do homes in Fruitland Township, MI cost?
Median Sold Price
$277,450
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fruitland Township have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in Fruitland Township was $277,450 in May 2024, down 4.3% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $211.9K | $173K | -18.4% |
| 3 Bedrooms | $274.9K | $244K | -11.2% |
| 4 Bedrooms | $408K | $437.5K | +7.2% |
| 5+ Bedrooms | $1.1M | $500K | -54.5% |
Summary: Fruitland Township 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 decreased by 18.4%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 54.5%.
Median Sold Price Compared To Nearby Cities
| White River Township | $320K | $369.9K | +15.6% |
| Montague | $230K | $250K | +8.7% |
| Whitehall | $291.2K | $288.9K | -0.8% |
| Whitehall Township | $291.2K | $286.9K | -1.5% |
| Fruitland Township | $290K | $277.4K | -4.3% |
Housing Supply in Fruitland Township, MI
How many homes are available in Fruitland Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 25 | +38.9% |
Summary: The Fruitland Township real estate market had 25 homes for sale in May 2024, a 38.9% 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 | 1 | 0.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Fruitland Township 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fruitland Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Fruitland Township in May 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Fruitland Township, MI
How long does it take to sell a home in Fruitland Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 18 Days | -46.3% |
Summary: Homes in Fruitland Township had an average of 18 days on market in May 2024, down by 46.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fruitland Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Fruitland Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
