Is Fitzgerald, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Fitzgerald was a Seller's Market.
Housing Prices in Fitzgerald, MI
How much do homes in Fitzgerald, MI cost?
Median Sold Price
$109,000
$71/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fitzgerald was $109,000 in May 2024, up 36.4% from last year, and the median price per square foot was $71.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $93K | N/A |
2 Bedrooms | $59.9K | $109K | +82.0% |
3 Bedrooms | $75K | $86.9K | +15.9% |
4 Bedrooms | $89.5K | $165K | +84.4% |
5+ Bedrooms | $127.5K | $77K | -39.6% |
Summary: Fitzgerald housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 82%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 84.4%, and 5+ bedroom homes decreased by 39.6%.
Median Sold Price Compared To Nearby Neighborhoods
Fitzgerald | $79.9K | $109K | +36.4% |
Bagley Community | $180.9K | $188.5K | +4.2% |
Harmony VIllage | $70K | $71.7K | +2.5% |
McNichols | $88K | $77.5K | -11.9% |
Housing Supply in Fitzgerald, MI
How many homes are available in Fitzgerald, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
60 | 60 | 0.0% |
Summary: The Fitzgerald real estate market had 60 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 37 | 37 | 0.0% |
4 Bedrooms | 19 | 18 | -5.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Fitzgerald housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 10 | -23.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Fitzgerald in May 2024, down by 23.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for Fitzgerald, MI
How long does it take to sell a home in Fitzgerald, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 47 Days | +53.9% |
Summary: Homes in Fitzgerald had an average of 47 days on market in May 2024, up by 53.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Fitzgerald; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.