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 March 2023
Since last year, Fenton Charter Township has remained a Seller's Market.
Housing Prices in Fenton Charter Township, MI
How much do homes in Fenton Charter Township, MI cost?
Median Sold Price
$345,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fenton Charter Township was $345,000 in March 2024, up 7.2% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $184.9K | $210K | +13.6% |
2 Bedrooms | $258.9K | $230K | -11.2% |
3 Bedrooms | $294.5K | $335K | +13.7% |
4 Bedrooms | $390K | $427.5K | +9.6% |
5+ Bedrooms | $490K | $539K | +10.0% |
Summary: Fenton Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.6%, 2 bedroom homes decreased by 11.2%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Cities
Fenton | $279.2K | $345K | +23.6% |
Linden | $295.5K | $341K | +15.4% |
Fenton | $305.1K | $345K | +13.1% |
Fenton Charter Township | $321.7K | $345K | +7.2% |
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
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
117 | 137 | +17.1% |
Summary: The Fenton Charter Township real estate market had 137 homes for sale in March 2024, a 17.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 19 | 21 | +10.5% |
3 Bedrooms | 62 | 76 | +22.6% |
4 Bedrooms | 27 | 30 | +11.1% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Fenton Charter Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 22.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 34 | +78.9% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Fenton Charter Township in March 2024, up by 78.9% month-over-month. Of the 34 sold homes, 50% were sold under asking, 15% were sold at asking, and 35% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
81 Days | 31 Days | -61.7% |
Summary: Homes in Fenton Charter Township had an average of 31 days on market in Mar 2024, down by 61.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 34 homes were sold in Fenton Charter Township; 65% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.