Is Frankenmuth, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Frankenmuth was a Seller's Market.
Housing Prices in Frankenmuth, MI
How much do homes in Frankenmuth, MI cost?
Median Sold Price
$310,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Frankenmuth was $310,000 in March 2024, up 8.1% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $201.5K | $249.5K | +23.8% |
3 Bedrooms | $285K | $300K | +5.3% |
4 Bedrooms | $357.9K | $358.5K | 0.2% |
5+ Bedrooms | $370K | $530K | +43.2% |
Summary: Frankenmuth housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.8%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 43.2%.
Median Sold Price Compared To Nearby Cities
Frankenmuth | $286.8K | $310K | +8.1% |
Frankenmuth Township | $305K | $310K | +1.6% |
Housing Supply in Frankenmuth, MI
How many homes are available in Frankenmuth, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 21 | +10.5% |
Summary: The Frankenmuth real estate market had 21 homes for sale in March 2024, a 10.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 9 | 11 | +22.2% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Frankenmuth 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 increased by 22.2%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Frankenmuth in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 45 Days | -7.5% |
Summary: Homes in Frankenmuth had an average of 45 days on market in Mar 2024, down by 7.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Frankenmuth; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.