Is Frankenlust Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Frankenlust Township is a buyer's market

Buyer's
Market

Difference Since January 2022

At the same time last year, Frankenlust Township was a Seller's Market.

Key Takeaway

Frankenlust Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Frankenlust Township, MI cost?

Median Sold Price

$278,000

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$45,000(+19.3%)

Key Takeaway

Homes in Frankenlust Township have sold for 19.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $41.7K$45.2K
+8.4%
2 $122.5K$254.9K
+108.1%
3 $280K$297.4K
+6.2%
4 $290.5K$299.9K
+3.2%
5+ $476.4K$312.5K
-34.4%

Median Sold Price Compared To Nearby Cities

Frankenlust Township
+19.3%
Freeland
+13.7%
Bay City
+13.5%
Portsmouth Charter Township
-5.2%

How many homes are available in Frankenlust Township, MI?

Number of Homes For Sale

Dec 2022Jan 2023%
15150.0%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 10
-100.0%
2 00
0.0%
3 1112
+9.1%
4 33
0.0%
5+ 00
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Frankenlust Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
16 Days92 Days+475.0%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Frankenlust Township are taking a long time to sell, it's a good idea to negotiate on homes here.

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

About Frankenlust Township, MI

Frankenlust Township, MI has 15 homes for sale to choose from. In January 2023 median list price was $278,000 and the average listing age was 92 days. From December 2022 through January 2023, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 8.4%, 2 bedrooms properties became 108.1% more expensive, prices of 3 bedrooms properties increased by 6.2%, prices of 4 bedrooms properties went up by 3.2%, the cost of 5 bedrooms properties went down by 34.4%. Volume of homes for sale changed: volume of 1 bedroom homes went down by 100%, 2 bedrooms homes did not move, 3 bedrooms homes inventory increased by 9.1%, volume of 4 bedrooms homes stayed the same, the quantity of 5 bedrooms homes have not changed. In January 2023 more than 1 listings in Frankenlust Township, MI were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below.

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