Is Fraser, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$229,750
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fraser have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Fraser was $229,750 in March 2024, up 5.4% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $67K | $59K | -11.9% |
| 2 Bedrooms | $126K | $150K | +19.0% |
| 3 Bedrooms | $222.5K | $237.5K | +6.8% |
| 4 Bedrooms | $297.4K | $265K | -10.9% |
| 5+ Bedrooms | $230K | $238K | +3.5% |
Summary: Fraser housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.9%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
| Roseville | $151.1K | $161.3K | +6.7% |
| Fraser | $218K | $229.7K | +5.4% |
| Clinton Charter Township | $231.1K | $229.9K | -0.5% |
| Clinton Township | $230K | $228.7K | -0.5% |
Housing Supply in Fraser, MI
How many homes are available in Fraser, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Summary: The Fraser real estate market had 25 homes for sale in March 2024, a 3.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Fraser housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fraser, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Fraser in March 2024, down by 16.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 60 Days | 24 Days | -59.7% |
Summary: Homes in Fraser had an average of 24 days on market in Mar 2024, down by 59.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fraser are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Fraser; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% 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. Copyright MiRealSource.