Is Fife Lake, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Fife Lake has remained a Seller's Market.
Key Takeaway
Fife Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fife Lake, MI
How much do homes in Fife Lake, MI cost?
Median Sold Price
$400,000
$273/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Fife Lake have sold for 85% more than they did a month ago.
Summary: The median home sold price in Fife Lake was $400,000 in April 2024, up 85% from last month, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $216.2K | $360K | +66.5% |
| 3 Bedrooms | $243.7K | $450K | +84.6% |
| 4 Bedrooms | - | $400K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Fife Lake housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 66.5%, 3 bedroom homes increased by 84.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Fife Lake | $216.2K | $400K | +85.0% |
| Springfield Township | $119K | $165K | +38.7% |
Housing Supply in Fife Lake, MI
How many homes are available in Fife Lake, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Summary: The Fife Lake real estate market had 20 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 | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fife Lake 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 increased by 20%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fife Lake, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Fife Lake in April 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Fife Lake, MI
How long does it take to sell a home in Fife Lake, MI?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 157 Days | 84 Days | -46.2% |
Summary: Homes in Fife Lake had an average of 84 days on market in Apr 2024, down by 46.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fife Lake has remained consistent over time.
Summary: During April 2024, 4 homes were sold in Fife Lake; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
