Is Fenton, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | Jan 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | $154.9K | $180K | +16.2% |
| 2 Bedrooms | $169K | $212.9K | +26.0% |
| 3 Bedrooms | $215K | $245.5K | +14.2% |
| 4 Bedrooms | $277K | $290K | +4.7% |
| 5+ Bedrooms | $311K | $285K | -8.4% |
Median Sold Price Compared To Nearby Cities
| Fenton | $213.3K | $244.9K | +14.8% |
| Fenton Charter Township | $319.8K | $365K | +14.1% |
| Fenton | $276.2K | $313.9K | +13.6% |
| Tyrone Township | $374.9K | $415.9K | +10.9% |
| Holly Township | $246K | $270K | +9.8% |
How many homes are available in Fenton, MI?
Number of Homes For Sale
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 41 | 35 | -14.6% |
Homes For Sale By Bedroom Count
| # BEDS | Dec 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 24 | 19 | -20.8% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Number of Homes Sold
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 14 | 12 | -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
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.
