$3,918 Closing Credit*
$329,900
1,680 SqFt
4 Beds
•1 Full Bath, 2 Partial
#50159903, Diane Greig, Listing Office: St. Clair Realty
Is Fraser, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$225,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$5,000(+2.3%)
Key Takeaway
Homes in Fraser have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Fraser was $225,000 in September 2024, up 2.3% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $67K | $97.5K | +45.5% |
| 2 Bedrooms | $112K | $149.5K | +33.5% |
| 3 Bedrooms | $229.9K | $247K | +7.4% |
| 4 Bedrooms | $275K | $281K | +2.2% |
| 5+ Bedrooms | - | $294K | N/A |
Summary: Fraser housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.5%, 2 bedroom homes increased by 33.5%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Clinton Township | $226.2K | $249.7K | +10.4% |
| Clinton Charter Township | $228.2K | $249.6K | +9.4% |
| Roseville | $150K | $162.7K | +8.5% |
| Fraser | $220K | $225K | +2.3% |
Housing Supply in Fraser, MI
How many homes are available in Fraser, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 45 | 41 | -8.9% |
Summary: The Fraser real estate market had 41 homes for sale in September 2024, a 8.9% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 15 | 11 | -26.7% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Fraser housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 26.7%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 18 | 9 | -50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fraser, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Fraser in September 2024, down by 50.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Fraser, MI
How long does it take to sell a home in Fraser, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 9 Days | 11 Days | +27.2% |
Summary: Homes in Fraser had an average of 11 days on market in Sep 2024, up by 27.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fraser are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 9 homes were sold in Fraser; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.