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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Frankenmuth is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Frankenmuth was a Buyer's Market.

Key Takeaway

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

Housing Prices in Frankenmuth, MI

How much do homes in Frankenmuth, MI cost?

Median Sold Price

$300,000

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$10,000(-3.2%)

Key Takeaway

Homes in Frankenmuth have sold for 3.2% less than they did a year ago.

Summary: The median home sold price in Frankenmuth was $300,000 in November 2024, down 3.2% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $209.9K$257.2K
+22.6%
3 $310K$292.5K
-5.6%
4 $358.5K$408K
+13.8%
5+ $505K$530K
+5.0%

Summary: Frankenmuth housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.6%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 5%.

Median Sold Price Compared To Nearby Cities

Frankenmuth
-3.2%
Frankenmuth Township
-3.2%

Housing Supply in Frankenmuth, MI

How many homes are available in Frankenmuth, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2324+4.3%

Summary: The Frankenmuth real estate market had 24 homes for sale in November 2024, a 4.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 129
-25.0%
4 25
+150.0%
5+ 44
0.0%

Summary: The Frankenmuth housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Frankenmuth, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Frankenmuth in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for Frankenmuth, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
29 Days56 Days+90.9%

Summary: Homes in Frankenmuth had an average of 56 days on market in Nov 2024, up by 90.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 6 homes were sold in Frankenmuth; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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 3 Days Ago

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