Is Frankenlust Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
Key Takeaway
Homes in Frankenlust Township have sold for 19.3% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Jan 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | $41.7K | $45.2K | +8.4% |
| 2 Bedrooms | $122.5K | $254.9K | +108.1% |
| 3 Bedrooms | $280K | $297.4K | +6.2% |
| 4 Bedrooms | $290.5K | $299.9K | +3.2% |
| 5+ Bedrooms | $476.4K | $312.5K | -34.4% |
How many homes are available in Frankenlust Township, MI?
Number of Homes For Sale
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 15 | 15 | 0.0% |
Homes For Sale By Bedroom Count
| # BEDS | Dec 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Number of Homes Sold
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
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 2022 | Jan 2023 | % |
|---|---|---|
| 16 Days | 92 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
Key Takeaway
Most homes in Frankenlust Township are taking a long time to sell, it's a good idea to negotiate on homes here.
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.