Is Fabius Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Fabius Township was a Seller's Market.
Housing Prices in Fabius Township, MI
How much do homes in Fabius Township, MI cost?
Median Sold Price
$277,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Fabius Township was $277,000 in February 2024, up 10.4% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $232.5K | N/A |
2 Bedrooms | $311K | $100.8K | -67.6% |
3 Bedrooms | $241.3K | $268.5K | +11.3% |
4 Bedrooms | $279.5K | $304K | +8.8% |
5+ Bedrooms | $675K | $915K | +35.6% |
Summary: Fabius Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 67.6%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 35.6%.
Median Sold Price Compared To Nearby Cities
Three Rivers | $168.7K | $207.3K | +22.9% |
Lockport Township | $225K | $260K | +15.6% |
Fabius Township | $251K | $277K | +10.4% |
Housing Supply in Fabius Township, MI
How many homes are available in Fabius Township, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
10 | 10 | 0.0% |
Summary: The Fabius Township real estate market had 10 homes for sale in February 2024, the same as January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Fabius Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Fabius Township in February 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 1 homes were sold in Fabius Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.