Is Fennville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Fennville has remained a Seller's Market.
Key Takeaway
Fennville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fennville, MI
How much do homes in Fennville, MI cost?
Median Sold Price
$347,500
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fennville have sold for 14.9% more than they did a year ago.
Summary: The median home sold price in Fennville was $347,500 in March 2024, up 14.9% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.9K | $199K | +24.4% |
| 2 Bedrooms | $239K | $279.9K | +17.1% |
| 3 Bedrooms | $256.4K | $329.9K | +28.6% |
| 4 Bedrooms | $455K | $415K | -8.8% |
| 5+ Bedrooms | $859K | $465K | -45.9% |
Summary: Fennville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.4%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 45.9%.
Median Sold Price Compared To Nearby Cities
| Manlius Township | $275.3K | $342.5K | +24.4% |
| Fennville | $302.5K | $347.5K | +14.9% |
| Clyde Township | $250K | $281.5K | +12.6% |
Housing Supply in Fennville, MI
How many homes are available in Fennville, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 35 | +25.0% |
Summary: The Fennville real estate market had 35 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 13 | 17 | +30.8% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Fennville housing inventory by bedroom type for March 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 30.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 11 | +450.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fennville, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Fennville in March 2024, up by 450.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.
Days on Market for Fennville, MI
How long does it take to sell a home in Fennville, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 93 Days | 30 Days | -67.3% |
Summary: Homes in Fennville had an average of 30 days on market in Mar 2024, down by 67.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fennville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Fennville; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
