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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Forest Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Mount Forest Township has remained a Seller's Market.

Key Takeaway

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

How much do homes in Mount Forest Township, MI cost?

Median Sold Price

$123,500

$110/sqft

Based on all homes sold in January 2023.

Difference Since Last Month

-$11,500(-8.5%)

Key Takeaway

Homes in Mount Forest Township have sold for 8.5% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSDec 2022Jan 2023%
1 --
N/A
2 --
N/A
3 $135K$123.5K
-8.5%
4 --
N/A
5+ --
N/A

How many homes are available in Mount Forest Township, MI?

Number of Homes For Sale

Dec 2022Jan 2023%
63-50.0%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 00
0.0%
3 63
-50.0%
4 00
0.0%
5+ 00
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
31-66.7%

Asking Price vs. Sold Price

0 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 Mount Forest Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Dec 2022Jan 2023%
20 Days57 Days+185.0%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mount Forest Township has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Mount Forest Township, MI

Number of homes for sale in Mount Forest Township, MI real estate market have reached 3. The inventory of homes for sale in Mount Forest Township, MI between December 2022 and January 2023 decreased by 50%. While the average time on the market in January 2023 was 57 days, the median list price was $123,500. Real estate listing prices changed between January 2022 and January 2023: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 0%, 3 bedrooms properties became 8.5% more cheaper, 4 bedrooms properties became 0% more expensive, 5 bedrooms properties prices increased by 0%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes stayed the same, the quantity of 3 bedrooms homes went down by 50%, volume of 4 bedrooms homes stayed the same, 5 bedrooms homes inventory did not change. In January 2023, from all listings sold in Mount Forest Township, MI there were more than 1 sold above asking price, over 0 sold below and more than 0 were sold right at the asked price.