Is Fruitport Charter 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, Fruitport Charter Township has remained a Seller's Market.
Key Takeaway
Fruitport Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fruitport Charter Township, MI
How much do homes in Fruitport Charter Township, MI cost?
Median Sold Price
$297,850
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fruitport Charter Township have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Fruitport Charter Township was $297,850 in March 2024, up 10.3% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $246.8K | $286.5K | +16.1% |
| 3 Bedrooms | $238.9K | $268.2K | +12.3% |
| 4 Bedrooms | $320K | $360K | +12.5% |
| 5+ Bedrooms | $388K | $402K | +3.6% |
Summary: Fruitport Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Muskegon | $155K | $180K | +16.1% |
| Fruitport Charter Township | $270.1K | $297.8K | +10.3% |
| Fruitport | $281.5K | $303.7K | +7.9% |
| Sullivan Township | $247.5K | $266.5K | +7.7% |
| Spring Lake Township | $380K | $400K | +5.3% |
Housing Supply in Fruitport Charter Township, MI
How many homes are available in Fruitport Charter Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 48 | -4.0% |
Summary: The Fruitport Charter Township real estate market had 48 homes for sale in March 2024, a 4.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 21 | 23 | +9.5% |
| 4 Bedrooms | 18 | 13 | -27.8% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Fruitport Charter 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 decreased by 12.5%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fruitport Charter Township, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Fruitport Charter Township in March 2024, up by 18.8% month-over-month. Of the 19 sold homes, 37% were sold under asking, 16% were sold at asking, and 47% were sold over asking.
Days on Market for Fruitport Charter Township, MI
How long does it take to sell a home in Fruitport Charter Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 55 Days | +99.4% |
Summary: Homes in Fruitport Charter Township had an average of 55 days on market in Mar 2024, up by 99.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fruitport Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 19 homes were sold in Fruitport Charter Township; 53% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.