Is Fenton Charter Township, 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 Charter Township has remained a Seller's Market.
Key Takeaway
Fenton Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fenton Charter Township, MI
How much do homes in Fenton Charter Township, MI cost?
Median Sold Price
$339,945
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Fenton Charter Township have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Fenton Charter Township was $339,945 in June 2024, up 4.8% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182.4K | $95K | -47.9% |
| 2 Bedrooms | $242K | $240K | -0.8% |
| 3 Bedrooms | $299.9K | $329K | +9.7% |
| 4 Bedrooms | $393.7K | $427.5K | +8.6% |
| 5+ Bedrooms | $630K | $471K | -25.2% |
Summary: Fenton Charter Township 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 decreased by 0.8%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes decreased by 25.2%.
Median Sold Price Compared To Nearby Cities
| Fenton | $313.8K | $338.7K | +7.9% |
| Fenton | $315K | $339.6K | +7.8% |
| Linden | $317.5K | $337.5K | +6.3% |
| Fenton Charter Township | $324.2K | $339.9K | +4.8% |
| Holly Township | $275K | $275K | 0.0% |
Housing Supply in Fenton Charter Township, MI
How many homes are available in Fenton Charter Township, MI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 189 | 187 | -1.1% |
Summary: The Fenton Charter Township real estate market had 187 homes for sale in June 2024, a 1.1% 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 | 25 | 20 | -20.0% |
| 3 Bedrooms | 91 | 88 | -3.3% |
| 4 Bedrooms | 56 | 60 | +7.1% |
| 5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Fenton Charter Township 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 20%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 49 | 47 | -4.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fenton Charter Township, you could pay more than the asking price. 48.9% of homes here sold above asking price last month.
Summary: A total of 47 homes were sold or pending in Fenton Charter Township in June 2024, down by 4.1% month-over-month. Of the 47 sold homes, 30% were sold under asking, 21% were sold at asking, and 49% were sold over asking.
Days on Market for Fenton Charter Township, MI
How long does it take to sell a home in Fenton Charter Township, MI?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 24 Days | 15 Days | -35.4% |
Summary: Homes in Fenton Charter Township had an average of 15 days on market in Jun 2024, down by 35.4% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fenton Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 47 homes were sold in Fenton Charter Township; 85% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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