Is Freeland, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Freeland was a Buyer's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $276.5K | N/A |
2 Bedrooms | $115K | $190K | +65.2% |
3 Bedrooms | $290K | $244K | -15.9% |
4 Bedrooms | $352K | $352.5K | 0.1% |
5+ Bedrooms | $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 | $185K | $194.2K | +5.0% |
Tittabawassee Township | $285K | $289.9K | +1.7% |
Richland Township | $297.3K | $295K | -0.8% |
Freeland | $292K | $274.2K | -6.1% |
Housing Supply in Freeland, MI
How many homes are available in Freeland, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
34 | 34 | 0.0% |
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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 20 | 16 | -20.0% |
4 Bedrooms | 6 | 10 | +66.7% |
5+ Bedrooms | 5 | 5 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
8 | 9 | +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
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
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.