Is Fenton, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$339,633
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Fenton was $339,633 in June 2024, up 7.8% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $182.4K | $95K | -47.9% |
2 Bedrooms | $232.2K | $237.5K | +2.3% |
3 Bedrooms | $296.5K | $319.3K | +7.7% |
4 Bedrooms | $389.9K | $439.9K | +12.8% |
5+ Bedrooms | $540K | $442K | -18.1% |
Summary: Fenton housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.9%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes decreased by 18.1%.
Median Sold Price Compared To Nearby Cities
Fenton | $313.8K | $338.7K | +7.9% |
Fenton | $315K | $339.6K | +7.8% |
Fenton Charter Township | $324.2K | $339.9K | +4.8% |
Tyrone Township | $399.9K | $415K | +3.8% |
Holly Township | $275K | $275K | 0.0% |
Housing Supply in Fenton, MI
How many homes are available in Fenton, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
152 | 146 | -3.9% |
Summary: The Fenton real estate market had 146 homes for sale in June 2024, a 3.9% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 22 | 18 | -18.2% |
3 Bedrooms | 74 | 65 | -12.2% |
4 Bedrooms | 41 | 45 | +9.8% |
5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The Fenton housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
42 | 37 | -11.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Fenton in June 2024, down by 11.9% month-over-month. Of the 37 sold homes, 27% were sold under asking, 22% were sold at asking, and 51% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
24 Days | 11 Days | -51.7% |
Summary: Homes in Fenton had an average of 11 days on market in Jun 2024, down by 51.7% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 37 homes were sold in Fenton; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.