Is Fulton Heights, 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, Fulton Heights has remained a Seller's Market.
Key Takeaway
Fulton Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fulton Heights, MI
How much do homes in Fulton Heights, MI cost?
Median Sold Price
$361,000
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fulton Heights have sold for 20.3% more than they did a year ago.
Summary: The median home sold price in Fulton Heights was $361,000 in April 2024, up 20.3% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | - | N/A |
| 2 Bedrooms | $287K | $307.5K | +7.1% |
| 3 Bedrooms | $300K | $371K | +23.7% |
| 4 Bedrooms | $312K | $357.5K | +14.6% |
| 5+ Bedrooms | $281.5K | $380K | +35.0% |
Summary: Fulton Heights 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 7.1%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 35%.
Median Sold Price Compared To Nearby Neighborhoods
| Fulton Heights | $300K | $361K | +20.3% |
| North East Citizens Action | $278.5K | $332K | +19.2% |
| Michigan Oaks | $405K | $400K | -1.2% |
Housing Supply in Fulton Heights, MI
How many homes are available in Fulton Heights, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Summary: The Fulton Heights real estate market had 10 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Fulton Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fulton Heights, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Fulton Heights in April 2024, down by 40.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Fulton Heights, MI
How long does it take to sell a home in Fulton Heights, MI?
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
Key Takeaway
Many homes in Fulton Heights are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Fulton Heights; 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.
