Is Fair Haven, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fair Haven is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Fair Haven has remained a Seller's Market.

Key Takeaway

Fair Haven is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$110,850(+26.1%)

Key Takeaway

Homes in Fair Haven have sold for 26.1% more than they did a month ago.

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

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 $285K$534.8K
+87.7%
4 $729.5K-
N/A
5+ --
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
+26.1%
Ira Township
+26.1%
Casco Township
+19.6%
Casco
+19.6%

Housing Supply in Fair Haven, MI

How many homes are available in Fair Haven, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1517+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1011
+10.0%
4 54
-20.0%
5+ 01
+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 2024Feb 2024CHANGE
330.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fair Haven, you could pay more than the asking price. 100% of homes here sold above asking price last month.

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 2024Feb 2024CHANGE
130 Days23 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fair Haven are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Fair Haven, MI

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