Is Forest Home Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Forest Home Township was a Buyer's Market.
Housing Prices in Forest Home Township, MI
How much do homes in Forest Home Township, MI cost?
Median Sold Price
$241,000
$143/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Forest Home Township was $241,000 in March 2024, up 47% from last month, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $164K | $335K | +104.3% |
4 Bedrooms | - | $172K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Forest Home Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 104.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Helena Township | $321K | $1.2M | +297.2% |
Forest Home Township | $164K | $241K | +47.0% |
Bellaire | $215K | $241K | +12.1% |
Kearney Township | $215K | $128K | -40.5% |
Housing Supply in Forest Home Township, MI
How many homes are available in Forest Home Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Summary: The Forest Home Township real estate market had 11 homes for sale in March 2024, a 10.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 4 | 3 | -25.0% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Forest Home 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 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Forest Home Township in March 2024, up by 300.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Forest Home Township, MI
How long does it take to sell a home in Forest Home Township, MI?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 169 Days | +284.1% |
Summary: Homes in Forest Home Township had an average of 169 days on market in Mar 2024, up by 284.1% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Forest Home Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.