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 January 2022

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

$244,950

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$31,600(+14.8%)

Key Takeaway

Homes in Fenton have sold for 14.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $154.9K$180K
+16.2%
2 $169K$212.9K
+26.0%
3 $215K$245.5K
+14.2%
4 $277K$290K
+4.7%
5+ $311K$285K
-8.4%

Median Sold Price Compared To Nearby Cities

Fenton
+14.8%
Fenton Charter Township
+14.1%
Fenton
+13.6%
Tyrone Township
+10.9%
Holly Township
+9.8%

How many homes are available in Fenton, MI?

Number of Homes For Sale

Dec 2022Jan 2023%
4135-14.6%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 109
-10.0%
3 2419
-20.8%
4 56
+20.0%
5+ 21
-50.0%

Number of Homes Sold

Dec 2022Jan 2023%
1412-14.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 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. 41.7% of homes here sold below asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Fenton, MI

Homes for sale in Fenton, MI have reached 35. The number of homes for sale in Fenton, MI decreased by 14.6% between December 2022 and January 2023. This housing market listing prices have changed between December 2022 and January 2023: the cost of 1 bedroom properties went up by 16.2%, 2 bedrooms properties became 26% more expensive, 3 bedrooms properties prices increased by 14.2%, the cost of 4 bedrooms properties went up by 4.7%, prices of 5 bedrooms properties went down by 8.4%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, 2 bedrooms homes became 10% less available, 3 bedrooms homes became 20.8% less available, 4 bedrooms homes inventory increased by 20%, the quantity of 5 bedrooms homes went down by 50%. Fenton, MI housing market in January 2023 saw over 5 listings sold above listed price, more than 2 sold at listed price and over 5 sold below.

Related Housing Market Reports