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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fruitland Township is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Fruitland Township, MI

How much do homes in Fruitland Township, MI cost?

Median Sold Price

$279,900

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$10,100(-3.5%)

Key Takeaway

Homes in Fruitland Township have sold for 3.5% less than they did a year ago.

Summary: The median home sold price in Fruitland Township was $279,900 in February 2024, down 3.5% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $214.9K$180K
-16.2%
3 $274.9K$252.5K
-8.1%
4 $349.9K$445K
+27.2%
5+ $1.2M$637.5K
-46.9%

Summary: Fruitland Township 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 decreased by 16.2%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 27.2%, and 5+ bedroom homes decreased by 46.9%.

Median Sold Price Compared To Nearby Cities

White River Township
+21.3%
Whitehall
+20.8%
Montague
+6.5%
Whitehall Township
-0.8%
Fruitland Township
-3.5%

Housing Supply in Fruitland Township, MI

How many homes are available in Fruitland Township, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1411-21.4%

Summary: The Fruitland Township real estate market had 11 homes for sale in February 2024, a 21.4% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 87
-12.5%
4 34
+33.3%
5+ 20
-100.0%

Summary: The Fruitland 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 decreased by 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fruitland Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Fruitland Township in February 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Fruitland Township, MI

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

Average Sale Time

Feb 2023Feb 2024CHANGE
78 Days13 Days-82.5%

Summary: Homes in Fruitland Township had an average of 13 days on market in Feb 2024, down by 82.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 3 homes were sold in Fruitland Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 27 Days Ago

Newest Listings in Fruitland Township, MI

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