Is Fair Haven, 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, Fair Haven has remained a Seller's Market.
Housing Prices in Fair Haven, MI
How much do homes in Fair Haven, MI cost?
Median Sold Price
$534,850
$260/sqft
Based on all homes sold in February 2024.
Difference Since Last Month
Summary: The median home sold price in Fair Haven was $534,850 in February 2024, up 26.1% from last month, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $285K | $534.8K | +87.7% |
4 Bedrooms | $729.5K | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Fair Haven housing prices by bedroom type for February 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 increased by 87.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Fair Haven | $424K | $534.8K | +26.1% |
Ira Township | $424K | $534.8K | +26.1% |
Casco Township | $250K | $299K | +19.6% |
Casco | $250K | $299K | +19.6% |
Housing Supply in Fair Haven, MI
How many homes are available in Fair Haven, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
15 | 17 | +13.3% |
Summary: The Fair Haven real estate market had 17 homes for sale in February 2024, a 13.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 10 | 11 | +10.0% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Fair Haven 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 increased by 10%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Fair Haven in February 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Fair Haven, MI
How long does it take to sell a home in Fair Haven, MI?
Average Sale Time
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
130 Days | 23 Days | -82.1% |
Summary: Homes in Fair Haven had an average of 23 days on market in Feb 2024, down by 82.1% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 3 homes were sold in Fair Haven; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.