Is Frenchtown Township, 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, Frenchtown Township has remained a Seller's Market.
Housing Prices in Frenchtown Township, MI
How much do homes in Frenchtown Township, MI cost?
Median Sold Price
$217,450
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Frenchtown Township was $217,450 in March 2024, up 2.5% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $66.5K | $102.5K | +54.1% |
2 Bedrooms | $132.5K | $162.5K | +22.6% |
3 Bedrooms | $217.4K | $200K | -8.0% |
4 Bedrooms | $285.9K | $325.7K | +13.9% |
5+ Bedrooms | $322K | $293K | -9.0% |
Summary: Frenchtown Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54.1%, 2 bedroom homes increased by 22.6%, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes decreased by 9%.
Median Sold Price Compared To Nearby Cities
Monroe | $169.2K | $203K | +19.9% |
Monroe Charter Township | $180.6K | $203.5K | +12.7% |
Frenchtown Township | $212.1K | $217.4K | +2.5% |
Newport | $279.9K | $244.9K | -12.5% |
Housing Supply in Frenchtown Township, MI
How many homes are available in Frenchtown Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 54 | +12.5% |
Summary: The Frenchtown Township real estate market had 54 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 8 | 6 | -25.0% |
3 Bedrooms | 33 | 39 | +18.2% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Frenchtown Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 12 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Frenchtown Township in March 2024, up by 20.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 17% were sold at asking, and 58% were sold over asking.
Days on Market for Frenchtown Township, MI
How long does it take to sell a home in Frenchtown Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
90 Days | 27 Days | -69.6% |
Summary: Homes in Frenchtown Township had an average of 27 days on market in Mar 2024, down by 69.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Frenchtown Township; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.