Is Frederic Township, 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, 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
$245,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Frederic Township have sold for 36.5% more than they did a year ago.
Summary: The median home sold price in Frederic Township was $245,000 in March 2024, up 36.5% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $157.2K | $352.5K | +124.2% |
| 3 Bedrooms | $176.2K | $199K | +12.9% |
| 4 Bedrooms | $183.9K | - | N/A |
| 5+ Bedrooms | $495K | - | N/A |
Summary: Frederic Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 124.2%, 3 bedroom homes increased by 12.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Frederic Township | $179.5K | $245K | +36.5% |
| Frederic | $199.4K | $251.2K | +26.0% |
| Grayling Charter Township | $153K | $186.2K | +21.7% |
| Otsego Lake Township | $261.8K | $275K | +5.0% |
Housing Supply in Frederic Township, MI
How many homes are available in Frederic Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The Frederic Township real estate market had 9 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Frederic Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
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 2 homes were sold or pending in Frederic Township in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
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