Is Fair Haven, 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, Fair Haven was a Neutral Market.
Key Takeaway
Fair Haven is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fair Haven, MI
How much do homes in Fair Haven, MI cost?
Median Sold Price
$269,950
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fair Haven have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Fair Haven was $269,950 in April 2024, down 2.7% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $347.5K | $206.2K | -40.6% |
| 3 Bedrooms | $252.6K | $269.9K | +6.8% |
| 4 Bedrooms | $437.5K | $305K | -30.3% |
| 5+ Bedrooms | - | $190K | N/A |
Summary: Fair Haven 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 decreased by 40.6%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 30.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| New Baltimore | $367K | $386.5K | +5.3% |
| Fair Haven | $277.5K | $269.9K | -2.7% |
| Ira Township | $277.5K | $269.9K | -2.7% |
Housing Supply in Fair Haven, MI
How many homes are available in Fair Haven, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The Fair Haven real estate market had 8 homes for sale in April 2024, a 11.1% decrease 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 | 1 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fair Haven 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fair Haven, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Fair Haven in April 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Fair Haven, MI
How long does it take to sell a home in Fair Haven, MI?
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fair Haven are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Fair Haven; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.