Is Frankenmuth, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Frankenmuth was a Neutral Market.
Key Takeaway
Frankenmuth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frankenmuth, MI
How much do homes in Frankenmuth, MI cost?
Median Sold Price
$304,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Frankenmuth have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Frankenmuth was $304,000 in April 2024, up 5.2% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $201.5K | $233.5K | +15.9% |
| 3 Bedrooms | $286.8K | $300K | +4.6% |
| 4 Bedrooms | $357.9K | $367K | +2.5% |
| 5+ Bedrooms | $370K | $530K | +43.2% |
Summary: Frankenmuth housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 43.2%.
Median Sold Price Compared To Nearby Cities
| Frankenmuth | $288.8K | $304K | +5.2% |
| Frankenmuth Township | $297.5K | $304K | +2.2% |
Housing Supply in Frankenmuth, MI
How many homes are available in Frankenmuth, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 31 | +34.8% |
Summary: The Frankenmuth real estate market had 31 homes for sale in April 2024, a 34.8% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 13 | 17 | +30.8% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Frankenmuth 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 50%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 9 | +350.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Frankenmuth, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Frankenmuth in April 2024, up by 350.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for Frankenmuth, MI
How long does it take to sell a home in Frankenmuth, MI?
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Frankenmuth are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Frankenmuth; 78% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.