Is Freeland, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Freeland is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Freeland was a Buyer's Market.

Key Takeaway

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

Housing Prices in Freeland, MI

How much do homes in Freeland, MI cost?

Median Sold Price

$274,250

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$17,750(-6.1%)

Key Takeaway

Homes in Freeland have sold for 6.1% less than they did a year ago.

Summary: The median home sold price in Freeland was $274,250 in February 2024, down 6.1% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$276.5K
N/A
2 $115K$190K
+65.2%
3 $290K$244K
-15.9%
4 $352K$352.5K
0.1%
5+ $448.5K$384K
-14.4%

Summary: Freeland housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 65.2%, 3 bedroom homes decreased by 15.9%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 14.4%.

Median Sold Price Compared To Nearby Cities

Thomas Township
+5.0%
Tittabawassee Township
+1.7%
Richland Township
-0.8%
Freeland
-6.1%

Housing Supply in Freeland, MI

How many homes are available in Freeland, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
34340.0%

Summary: The Freeland real estate market had 34 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 11
0.0%
3 2016
-20.0%
4 610
+66.7%
5+ 55
0.0%

Summary: The Freeland housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
89+12.5%

Asking Price vs. Sold Price

7 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 Freeland, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Freeland in February 2024, up by 12.5% month-over-month. Of the 9 sold homes, 78% were sold under asking, 0% were sold at asking, and 22% were sold over asking.

Days on Market for Freeland, MI

How long does it take to sell a home in Freeland, MI?

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Freeland are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 9 homes were sold in Freeland; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

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

Report Updated 27 Days Ago

Newest Listings in Freeland, MI

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What housing markets are near Freeland, MI?