Is Fremont Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Fremont Township has remained a Seller's Market.
Housing Prices in Fremont Township, MI
How much do homes in Fremont Township, MI cost?
Median Sold Price
$220,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Fremont Township was $220,000 in February 2024, up 10.9% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110.5K | $119.5K | +8.1% |
2 Bedrooms | $143.5K | $173K | +20.6% |
3 Bedrooms | $201.6K | $220K | +9.1% |
4 Bedrooms | $243.7K | $275K | +12.8% |
5+ Bedrooms | $310K | $295K | -4.8% |
Summary: Fremont Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Cities
Fremont Township | $198.3K | $220K | +10.9% |
Deerfield Township | $230.5K | $209K | -9.3% |
Richland Township | $347K | $307.8K | -11.3% |
Housing Supply in Fremont Township, MI
How many homes are available in Fremont Township, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
25 | 28 | +12.0% |
Summary: The Fremont Township real estate market had 28 homes for sale in February 2024, a 12.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 18 | 19 | +5.6% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Fremont Township 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 increased by 5.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Fremont Township in February 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Fremont Township, MI
How long does it take to sell a home in Fremont Township, MI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
165 Days | 45 Days | -72.2% |
Summary: Homes in Fremont Township had an average of 45 days on market in Feb 2024, down by 72.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 5 homes were sold in Fremont Township; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.