Is Frankenmuth Township, 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 Township was a Neutral Market.
Housing Prices in Frankenmuth Township, MI
How much do homes in Frankenmuth Township, MI cost?
Median Sold Price
$304,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Frankenmuth Township was $304,000 in April 2024, up 2.2% 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 | $198K | $233.5K | +17.9% |
3 Bedrooms | $305K | $300K | -1.6% |
4 Bedrooms | $349.5K | $367K | +5.0% |
5+ Bedrooms | $370K | $530K | +43.2% |
Summary: Frankenmuth Township 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 17.9%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 43.2%.
Median Sold Price Compared To Nearby Cities
Tuscola Township | $179.2K | $249K | +38.9% |
Frankenmuth | $288.8K | $304K | +5.2% |
Frankenmuth Township | $297.5K | $304K | +2.2% |
Bridgeport | $162K | $163.9K | +1.2% |
Housing Supply in Frankenmuth Township, MI
How many homes are available in Frankenmuth Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 33 | +32.0% |
Summary: The Frankenmuth Township real estate market had 33 homes for sale in April 2024, a 32.0% 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 | 2 | 3 | +50.0% |
3 Bedrooms | 14 | 18 | +28.6% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Frankenmuth 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 50%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 50%, 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
Summary: A total of 9 homes were sold or pending in Frankenmuth Township 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 Township, MI
How long does it take to sell a home in Frankenmuth Township, 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
Summary: During April 2024, 9 homes were sold in Frankenmuth Township; 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.