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 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

# BEDSOct 2020Oct 2021%
1 $108.5K$154.9K
+42.8%
2 $148.7K$162.5K
+9.2%
3 $195.5K$215K
+10.0%
4 $216K$265K
+22.7%
5+ -$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 2021Oct 2021%
6139-36.1%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 11
0.0%
2 117
-36.4%
3 3922
-43.6%
4 88
0.0%
5+ 21
-50.0%

Number of Homes Sold

Sep 2021Oct 2021%
2419-20.8%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2020Oct 2021%
20 Days11 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

Breakdown of Home Sale Times

Key Takeaway

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

About Fenton, MI

Fenton, MI has 39 homes for sale to choose from. In October 2021 in Fenton, MI there were 36.1% less homes for sale than in September 2021. Listings spent 11 days on the market in October 2021, and had a median list price of $213,500 during the same period. Real estate listing prices changed between September 2021 and October 2021: prices of 1 bedroom properties went up by 42.8%, 2 bedrooms properties prices increased by 9.2%, the cost of 3 bedrooms properties went up by 10%, prices of 4 bedrooms properties went up by 22.7%, 5 bedrooms properties became 0% more expensive. This housing market inventory have changed: number of 1 bedroom homes remained the same, 2 bedrooms homes became 36.4% less available, 3 bedrooms homes became 43.6% less available, the quantity of 4 bedrooms homes have not changed, 5 bedrooms homes inventory decreased by 50%. In October 2021, from all listings sold in Fenton, MI there were more than 10 sold above asking price, over 5 sold below and more than 4 were sold right at the asked price.

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