Is Forest 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, Forest Township has remained a Seller's Market.
Housing Prices in Forest Township, MI
How much do homes in Forest Township, MI cost?
Median Sold Price
$178,150
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Forest Township was $178,150 in April 2024, down 2.7% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | $325K | +400.0% |
2 Bedrooms | $150.5K | $130K | -13.6% |
3 Bedrooms | $175K | $174K | -0.5% |
4 Bedrooms | $222K | $220K | -0.9% |
5+ Bedrooms | $423K | $295K | -30.3% |
Summary: Forest Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 400%, 2 bedroom homes decreased by 13.6%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 30.3%.
Median Sold Price Compared To Nearby Cities
Marathon Township | $205K | $248.2K | +21.1% |
Millington Township | $173.7K | $180K | +3.6% |
Otisville | $177.5K | $178.1K | 0.4% |
Forest Township | $183K | $178.1K | -2.7% |
Housing Supply in Forest Township, MI
How many homes are available in Forest Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
Summary: The Forest Township real estate market had 9 homes for sale in April 2024, a 50.0% 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 | 2 | +100.0% |
3 Bedrooms | 3 | 5 | +66.7% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Forest Township 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 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Forest Township in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Forest Township, MI
How long does it take to sell a home in Forest Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
3 Days | 2 Days | -33.3% |
Summary: Homes in Forest Township had an average of 2 days on market in Apr 2024, down by 33.3% compared to last year.
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
Summary: During April 2024, 3 homes were sold in Forest Township; 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.