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.
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
$345,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fenton Charter Township have sold for 7.2% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Fenton Charter Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Fenton Charter Township are selling fast, if you're buying plan to act quickly.
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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource. 
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.