Is Fenton, 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 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.
Housing Prices in Fenton, MI
How much do homes in Fenton, MI cost?
Median Sold Price
$338,706
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Fenton have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Fenton was $338,706 in June 2024, up 7.9% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184.9K | $95K | -48.6% |
| 2 Bedrooms | $232.2K | $240K | +3.4% |
| 3 Bedrooms | $295K | $320K | +8.5% |
| 4 Bedrooms | $390K | $439.2K | +12.6% |
| 5+ Bedrooms | $654.9K | $442K | -32.5% |
Summary: Fenton housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.6%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes decreased by 32.5%.
Median Sold Price Compared To Nearby Cities
| Fenton | $313.8K | $338.7K | +7.9% |
| Fenton | $315K | $339.6K | +7.8% |
| Rose Township | $350K | $370K | +5.7% |
| Fenton Charter Township | $324.2K | $339.9K | +4.8% |
| Tyrone Township | $399.9K | $415K | +3.8% |
Housing Supply in Fenton, MI
How many homes are available in Fenton, MI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 152 | 148 | -2.6% |
Summary: The Fenton real estate market had 148 homes for sale in June 2024, a 2.6% 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 | 22 | 18 | -18.2% |
| 3 Bedrooms | 74 | 65 | -12.2% |
| 4 Bedrooms | 41 | 47 | +14.6% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The Fenton 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 18.2%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 41 | 39 | -4.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fenton, you could pay more than the asking price. 51.3% of homes here sold above asking price last month.
Summary: A total of 39 homes were sold or pending in Fenton in June 2024, down by 4.9% month-over-month. Of the 39 sold homes, 28% were sold under asking, 21% were sold at asking, and 51% were sold over asking.
Days on Market for Fenton, MI
How long does it take to sell a home in Fenton, MI?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 24 Days | 12 Days | -48.9% |
Summary: Homes in Fenton had an average of 12 days on market in Jun 2024, down by 48.9% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fenton are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 39 homes were sold in Fenton; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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© 2024 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.