Is Fremont, 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, Fremont has remained a Seller's Market.
Key Takeaway
Fremont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fremont, MI
How much do homes in Fremont, MI cost?
Median Sold Price
$220,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fremont have sold for 15.8% more than they did a year ago.
Summary: The median home sold price in Fremont was $220,000 in March 2024, up 15.8% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $108K | $119.5K | +10.6% |
| 2 Bedrooms | $145K | $173K | +19.3% |
| 3 Bedrooms | $182K | $212K | +16.5% |
| 4 Bedrooms | $244.7K | $275K | +12.4% |
| 5+ Bedrooms | $310K | $295K | -4.8% |
Summary: Fremont housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Fremont | $190K | $220K | +15.8% |
| Sheridan Charter Township | $210K | $239.5K | +14.0% |
Housing Supply in Fremont, MI
How many homes are available in Fremont, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 31 | +24.0% |
Summary: The Fremont real estate market had 31 homes for sale in March 2024, a 24.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Fremont 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 66.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fremont, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Fremont in March 2024, up by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Fremont, MI
How long does it take to sell a home in Fremont, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 60 Days | 29 Days | -50.8% |
Summary: Homes in Fremont had an average of 29 days on market in Mar 2024, down by 50.8% compared to last year.
Breakdown of Home Sale Times
7 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 Fremont are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Fremont; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
