Is Fraser, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Fraser has remained a Seller's Market.
Housing Prices in Fraser, MI
How much do homes in Fraser, MI cost?
Median Sold Price
$227,250
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Fraser was $227,250 in June 2024, up 3.8% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $56K | $59K | +5.4% |
2 Bedrooms | $128K | $149.5K | +16.8% |
3 Bedrooms | $229.9K | $250K | +8.7% |
4 Bedrooms | $284.9K | $259.9K | -8.8% |
5+ Bedrooms | $230K | $238K | +3.5% |
Summary: Fraser housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
Roseville | $150.4K | $164.5K | +9.4% |
Clinton Charter Township | $225K | $234K | +4.0% |
Fraser | $219K | $227.2K | +3.8% |
Clinton Township | $224.9K | $233.1K | +3.7% |
Housing Supply in Fraser, MI
How many homes are available in Fraser, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
33 | 41 | +24.2% |
Summary: The Fraser real estate market had 41 homes for sale in June 2024, a 24.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 10 | -16.7% |
3 Bedrooms | 16 | 23 | +43.8% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Fraser housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 43.8%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Fraser in June 2024, up by 10.0% month-over-month. Of the 11 sold homes, 27% were sold under asking, 27% were sold at asking, and 45% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
10 Days | 12 Days | +19.4% |
Summary: Homes in Fraser had an average of 12 days on market in Jun 2024, up by 19.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 11 homes were sold in Fraser; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.