Is Frederic Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Frederic Township is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Frederic Township, MI

How much do homes in Frederic Township, MI cost?

Median Sold Price

$238,500

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$28,500(+13.6%)

Key Takeaway

Homes in Frederic Township have sold for 13.6% more than they did a year ago.

Summary: The median home sold price in Frederic Township was $238,500 in September 2024, up 13.6% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $210K$238.5K
+13.6%
3 $212K$208.5K
-1.7%
4 $183.9K$360K
+95.7%
5+ $495K-
N/A

Summary: Frederic Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.6%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 95.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Otsego Lake Township
+23.2%
Frederic Township
+13.6%
Grayling Charter Township
+8.8%
Frederic
-1.7%

Housing Supply in Frederic Township, MI

How many homes are available in Frederic Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1412-14.3%

Summary: The Frederic Township real estate market had 12 homes for sale in September 2024, a 14.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 76
-14.3%
4 32
-33.3%
5+ 01
+100.0%

Summary: The Frederic Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Frederic Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Frederic Township in September 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Frederic Township, MI

We’re sorry, we don't have information for this market at the moment

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

Report Updated 30 Days Ago

Newest Listings in Frederic Township, MI

Nearby Markets to Frederic Township, MI

What housing markets are near Frederic Township, MI?