Is Fenton, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2020
Since last year, Fenton has remained a Seller's Market.
Key Takeaway
Fenton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Fenton, MI cost?
Median Sold Price
$213,500
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2020
+$25,500(+13.6%)
Key Takeaway
Homes in Fenton have sold for 13.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Oct 2020 | Oct 2021 | % |
|---|---|---|---|
| 1 Bedroom | $108.5K | $154.9K | +42.8% |
| 2 Bedrooms | $148.7K | $162.5K | +9.2% |
| 3 Bedrooms | $195.5K | $215K | +10.0% |
| 4 Bedrooms | $216K | $265K | +22.7% |
| 5+ Bedrooms | - | $315K | N/A |
Median Sold Price Compared To Nearby Cities
| % | |
|---|---|
| Holly Township | +15.2% |
| Fenton | +13.6% |
| Fenton Charter Township | +10.5% |
| Fenton | +5.9% |
| Tyrone Township | -3.3%  |
How many homes are available in Fenton, MI?
Number of Homes For Sale
| Sep 2021 | Oct 2021 | % |
|---|---|---|
| 61 | 39 | -36.1% |
Homes For Sale By Bedroom Count
| # BEDS | Sep 2021 | Oct 2021 | % |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 7 | -36.4% |
| 3 Bedrooms | 39 | 22 | -43.6% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Number of Homes Sold
| Sep 2021 | Oct 2021 | % |
|---|---|---|
| 24 | 19 | -20.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fenton, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.
Average Sale Time
| Oct 2020 | Oct 2021 | % |
|---|---|---|
| 20 Days | 11 Days | -43.4% |
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fenton are selling fast, if you're buying plan to act quickly.
Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2021 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.