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 November 2021

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.

How much do homes in Fraser, MI cost?

Median Sold Price

$210,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$17,000(+8.8%)

Key Takeaway

Homes in Fraser have sold for 8.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $64.5K$75.5K
+17.1%
2 $107.5K$128.4K
+19.5%
3 $200K$215K
+7.5%
4 $241K$275K
+14.1%
5+ $269K$228.9K
-14.9%

Median Sold Price Compared To Nearby Cities

Clinton Township
+16.1%
Clinton Charter Township
+16.0%
Fraser
+8.8%
Roseville
+7.2%

How many homes are available in Fraser, MI?

Number of Homes For Sale

Oct 2022Nov 2022%
4944-10.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 32
-33.3%
2 77
0.0%
3 2925
-13.8%
4 1010
0.0%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
1314+7.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fraser, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
12 Days17 Days+41.9%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Fraser, MI

Fraser, MI has 44 homes on the market. The inventory of homes for sale in Fraser, MI between October 2022 and November 2022 decreased by 10.2%. Listings spent 17 days on the market in November 2022, and had a median list price of $210,000 during the same period. This housing market listing prices have changed between October 2022 and November 2022: the cost of 1 bedroom properties went up by 17.1%, 2 bedrooms properties became 19.5% more expensive, 3 bedrooms properties became 7.5% more expensive, 4 bedrooms properties prices increased by 14.1%, 5 bedrooms properties prices decreased by 14.9%. Volume of homes for sale changed: 1 bedroom homes became 33.3% less available, number of 2 bedrooms homes remained the same, number of 3 bedrooms homes decreased by 13.8%, 4 bedrooms homes did not move, 5 bedrooms homes did not move. Fraser, MI housing market in November 2022 saw over 8 listings sold above listed price, more than 4 sold at listed price and over 2 sold below.

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