Is Fruitport, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Fruitport has remained a Seller's Market.
Key Takeaway
Fruitport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fruitport, MI
How much do homes in Fruitport, MI cost?
Median Sold Price
$319,900
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fruitport have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Fruitport was $319,900 in April 2024, up 13.9% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210.5K | $237K | +12.6% |
| 3 Bedrooms | $257.5K | $285K | +10.7% |
| 4 Bedrooms | $394.7K | $395K | 0.1% |
| 5+ Bedrooms | $510K | $413.5K | -18.9% |
Summary: Fruitport housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 18.9%.
Median Sold Price Compared To Nearby Cities
| Fruitport Charter Township | $260.1K | $302.5K | +16.3% |
| Fruitport | $280.7K | $319.9K | +13.9% |
Housing Supply in Fruitport, MI
How many homes are available in Fruitport, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 12 | -25.0% |
Summary: The Fruitport real estate market had 12 homes for sale in April 2024, a 25.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fruitport housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 30%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
0 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 Fruitport, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Fruitport in April 2024, down by 37.5% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.
Days on Market for Fruitport, MI
How long does it take to sell a home in Fruitport, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 13 Days | -13.3% |
Summary: Homes in Fruitport had an average of 13 days on market in Apr 2024, down by 13.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fruitport are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Fruitport; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
