Is Fenton, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fenton is a seller's market

Buyer's
Market

Difference Since September 2023

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.

Housing Prices in Fenton, MI

How much do homes in Fenton, MI cost?

Median Sold Price

$332,200

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$7,200(+2.2%)

Key Takeaway

Homes in Fenton have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Fenton was $332,200 in September 2024, up 2.2% from last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $325K$170K
-47.7%
2 $228.7K$230K
+0.6%
3 $299.9K$320K
+6.7%
4 $422.4K$425K
+0.6%
5+ $596.5K$442K
-25.9%

Summary: Fenton housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.7%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 25.9%.

Median Sold Price Compared To Nearby Cities

Tyrone Township
+8.6%
Fenton Charter Township
+3.1%
Fenton
+2.2%
Holly Township
+1.8%
Fenton
+1.3%

Housing Supply in Fenton, MI

How many homes are available in Fenton, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
155150-3.2%

Summary: The Fenton real estate market had 150 homes for sale in September 2024, a 3.2% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 1712
-29.4%
3 8384
+1.2%
4 4239
-7.1%
5+ 1214
+16.7%

Summary: The Fenton housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 29.4%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3441+20.6%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fenton, you may be able to get a good deal. 41.5% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in Fenton in September 2024, up by 20.6% month-over-month. Of the 41 sold homes, 41% were sold under asking, 20% were sold at asking, and 39% 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

Sep 2023Sep 2024CHANGE
47 Days39 Days-16.0%

Summary: Homes in Fenton had an average of 39 days on market in Sep 2024, down by 16% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 41 homes were sold in Fenton; 73% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 10% 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 30 Days Ago

Newest Listings in Fenton, MI

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