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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fraser is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Fraser, MI

How much do homes in Fraser, MI cost?

Median Sold Price

$221,500

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$4,500(+2.1%)

Key Takeaway

Homes in Fraser have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Fraser was $221,500 in February 2024, up 2.1% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $59.5K$67K
+12.6%
2 $126K$133.5K
+6.0%
3 $222.5K$235K
+5.6%
4 $309.9K$270K
-12.9%
5+ $230K-
N/A

Summary: Fraser housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Roseville
+3.9%
Fraser
+2.1%
Clinton Charter Township
-0.3%
Clinton Township
-0.6%

Housing Supply in Fraser, MI

How many homes are available in Fraser, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3435+2.9%

Summary: The Fraser real estate market had 35 homes for sale in February 2024, a 2.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 12
+100.0%
2 98
-11.1%
3 1918
-5.3%
4 56
+20.0%
5+ 01
+100.0%

Summary: The Fraser housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1016+60.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fraser, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Fraser in February 2024, up by 60.0% month-over-month. Of the 16 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.

Days on Market for Fraser, MI

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

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 16 homes were sold in Fraser; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

Newest Listings in Fraser, MI

Nearby Markets to Fraser, MI

What housing markets are near Fraser, MI?