Is Fremont Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fremont Township is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Fremont Township has remained a Seller's Market.

Key Takeaway

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

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 March 2023

+$15,000(+7.3%)

Key Takeaway

Homes in Fremont Township have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Fremont Township was $220,000 in March 2024, up 7.3% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $108K$119.5K
+10.6%
2 $142K$180K
+26.8%
3 $198K$210K
+6.1%
4 $237.4K$276.2K
+16.4%
5+ $310K$276K
-11.0%

Summary: Fremont Township 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 26.8%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes decreased by 11%.

Median Sold Price Compared To Nearby Cities

Fremont Township
+7.3%
Thomas Township
+5.9%
Richland Township
+1.8%
Hemlock
-2.6%

Housing Supply in Fremont Township, MI

How many homes are available in Fremont Township, MI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2734+25.9%

Summary: The Fremont Township real estate market had 34 homes for sale in March 2024, a 25.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 47
+75.0%
3 1818
0.0%
4 25
+150.0%
5+ 23
+50.0%

Summary: The Fremont 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 75%, 3 bedroom homes remained the same, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
68+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fremont Township, 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 Township 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 Township, MI

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

Average Sale Time

Mar 2023Mar 2024CHANGE
60 Days29 Days-50.8%

Summary: Homes in Fremont Township 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 8 homes were sold in Fremont Township; 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.

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

Report Updated 24 Days Ago

Newest Listings in Fremont Township, MI

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