$2,613 Closing Credit*
$220,000
1,054 SqFt
3 Beds
•1 Full Bath, 1 Partial
Stacy Allman, Listing Office: Keller Williams Northern Michi
Is Fife Lake, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Fife Lake has remained a Seller's Market.
Key Takeaway
Fife Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fife Lake, MI
How much do homes in Fife Lake, MI cost?
Median Sold Price
$237,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$612(+0.3%)
Key Takeaway
The sold price of homes in Fife Lake has remained the same since last year.
Summary: The median home sold price in Fife Lake was $237,000 in September 2024, up 0.3% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.9K | $58.7K | -63.3% |
| 2 Bedrooms | $177.5K | $199K | +12.1% |
| 3 Bedrooms | $277K | $237K | -14.4% |
| 4 Bedrooms | $191K | $318K | +66.5% |
| 5+ Bedrooms | $330K | $401.7K | +21.7% |
Summary: Fife Lake housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 63.3%, 2 bedroom homes increased by 12.1%, 3 bedroom homes decreased by 14.4%, 4 bedroom homes increased by 66.5%, and 5+ bedroom homes increased by 21.7%.
Median Sold Price Compared To Nearby Cities
| Springfield Township | $151.2K | $165K | +9.1% |
| Fife Lake | $236.3K | $237K | 0.3% |
Housing Supply in Fife Lake, MI
How many homes are available in Fife Lake, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 30 | 28 | -6.7% |
Summary: The Fife Lake real estate market had 28 homes for sale in September 2024, a 6.7% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fife Lake housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fife Lake, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Fife Lake in September 2024, up by 14.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Fife Lake, MI
How long does it take to sell a home in Fife Lake, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 62 Days | 45 Days | -28.1% |
Summary: Homes in Fife Lake had an average of 45 days on market in Sep 2024, down by 28.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fife Lake has remained consistent over time.
Summary: During September 2024, 8 homes were sold in Fife Lake; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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