Is Fenton Charter Township, 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, Fenton Charter Township has remained a Seller's Market.
Housing Prices in Fenton Charter Township, MI
How much do homes in Fenton Charter Township, MI cost?
Median Sold Price
$346,200
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fenton Charter Township was $346,200 in April 2024, up 8.2% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $254.9K | $95K | -62.7% |
2 Bedrooms | $249.5K | $240K | -3.8% |
3 Bedrooms | $292K | $334K | +14.4% |
4 Bedrooms | $388.2K | $430K | +10.8% |
5+ Bedrooms | $495K | $539K | +8.9% |
Summary: Fenton Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 62.7%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Cities
Fenton | $285K | $345.1K | +21.1% |
Linden | $295K | $343.5K | +16.4% |
Fenton | $305K | $345K | +13.1% |
Fenton Charter Township | $320K | $346.2K | +8.2% |
Holly Township | $280K | $275K | -1.8% |
Housing Supply in Fenton Charter Township, MI
How many homes are available in Fenton Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
136 | 160 | +17.6% |
Summary: The Fenton Charter Township real estate market had 160 homes for sale in April 2024, a 17.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 22 | 33 | +50.0% |
3 Bedrooms | 74 | 82 | +10.8% |
4 Bedrooms | 29 | 33 | +13.8% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Fenton Charter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 45 | +18.4% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in Fenton Charter Township in April 2024, up by 18.4% month-over-month. Of the 45 sold homes, 47% were sold under asking, 13% were sold at asking, and 40% were sold over asking.
Days on Market for Fenton Charter Township, MI
How long does it take to sell a home in Fenton Charter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
81 Days | 26 Days | -67.9% |
Summary: Homes in Fenton Charter Township had an average of 26 days on market in Apr 2024, down by 67.9% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 45 homes were sold in Fenton Charter Township; 78% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.