Is Fowlerville, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fowlerville is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Fowlerville has remained a Seller's Market.

Key Takeaway

Fowlerville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Fowlerville, MI

How much do homes in Fowlerville, MI cost?

Median Sold Price

$316,000

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$36,000(+12.9%)

Key Takeaway

Homes in Fowlerville have sold for 12.9% more than they did a year ago.

Summary: The median home sold price in Fowlerville was $316,000 in May 2024, up 12.9% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $180K$221K
+22.8%
3 $268.2K$302.5K
+12.8%
4 $319.9K$336.1K
+5.1%
5+ $450K$324.9K
-27.8%

Summary: Fowlerville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.8%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 27.8%.

Median Sold Price Compared To Nearby Cities

Handy Township
+13.9%
Fowlerville
+12.9%

Housing Supply in Fowlerville, MI

How many homes are available in Fowlerville, MI?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4963+28.6%

Summary: The Fowlerville real estate market had 63 homes for sale in May 2024, a 28.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 2434
+41.7%
4 2325
+8.7%
5+ 11
0.0%

Summary: The Fowlerville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
1126+136.4%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fowlerville, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in Fowlerville in May 2024, up by 136.4% month-over-month. Of the 26 sold homes, 23% were sold under asking, 27% were sold at asking, and 50% were sold over asking.

Days on Market for Fowlerville, MI

How long does it take to sell a home in Fowlerville, MI?

Average Sale Time

May 2023May 2024CHANGE
32 Days18 Days-43.2%

Summary: Homes in Fowlerville had an average of 18 days on market in May 2024, down by 43.2% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fowlerville are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 26 homes were sold in Fowlerville; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

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