Is Fenton, 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, Fenton has remained a Seller's Market.
Housing Prices in Fenton, MI
How much do homes in Fenton, MI cost?
Median Sold Price
$345,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fenton was $345,000 in March 2024, up 23.6% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $210K | +16.7% |
2 Bedrooms | $220K | $226.2K | +2.8% |
3 Bedrooms | $270K | $335K | +24.1% |
4 Bedrooms | $367.3K | $439.9K | +19.7% |
5+ Bedrooms | $460K | $532K | +15.7% |
Summary: Fenton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 15.7%.
Median Sold Price Compared To Nearby Cities
Fenton | $279.2K | $345K | +23.6% |
Fenton | $305.1K | $345K | +13.1% |
Fenton Charter Township | $321.7K | $345K | +7.2% |
Tyrone Township | $397K | $420.5K | +5.9% |
Holly Township | $275K | $275K | 0.0% |
Housing Supply in Fenton, MI
How many homes are available in Fenton, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
84 | 100 | +19.0% |
Summary: The Fenton real estate market had 100 homes for sale in March 2024, a 19.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 15 | 18 | +20.0% |
3 Bedrooms | 43 | 54 | +25.6% |
4 Bedrooms | 18 | 19 | +5.6% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Fenton 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 20%, 3 bedroom homes increased by 25.6%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 28 | +86.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Fenton in March 2024, up by 86.7% month-over-month. Of the 28 sold homes, 50% were sold under asking, 18% were sold at asking, and 32% were sold over asking.
Days on Market for Fenton, MI
How long does it take to sell a home in Fenton, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
85 Days | 30 Days | -64.6% |
Summary: Homes in Fenton had an average of 30 days on market in Mar 2024, down by 64.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in Fenton; 68% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.