Is Fenton, 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 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
$345,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fenton have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in Fenton was $345,000 in March 2024, up 13.1% 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 | $180K | $325K | +80.6% |
| 2 Bedrooms | $244.4K | $228.2K | -6.6% |
| 3 Bedrooms | $285K | $333.5K | +17.0% |
| 4 Bedrooms | $390K | $439.9K | +12.8% |
| 5+ Bedrooms | $520K | $539K | +3.7% |
Summary: Fenton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80.6%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Fenton | $279.2K | $345K | +23.6% |
| Fenton | $305.1K | $345K | +13.1% |
| Fenton Charter Township | $321.7K | $345K | +7.2% |
| Tyrone Township | $397K | $420.5K | +5.9% |
| Rose Township | $350K | $348.2K | -0.5% |
Housing Supply in Fenton, MI
How many homes are available in Fenton, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 86 | 102 | +18.6% |
Summary: The Fenton real estate market had 102 homes for sale in March 2024, a 18.6% 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 | 15 | 18 | +20.0% |
| 3 Bedrooms | 43 | 54 | +25.6% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Fenton 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 20%, 3 bedroom homes increased by 25.6%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 29 | +93.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fenton, you may be able to get a good deal. 51.7% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Fenton in March 2024, up by 93.3% month-over-month. Of the 29 sold homes, 52% were sold under asking, 17% were sold at asking, and 31% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 83 Days | 29 Days | -64.5% |
Summary: Homes in Fenton had an average of 29 days on market in Mar 2024, down by 64.5% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fenton are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 29 homes were sold in Fenton; 69% of homes were sold within 30 days, 28% 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.