Is Fraser, 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, Fraser was a Seller's Market.
Key Takeaway
Fraser is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Fraser, MI
How much do homes in Fraser, MI cost?
Median Sold Price
$230,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fraser have sold for 7% more than they did a year ago.
Summary: The median home sold price in Fraser was $230,000 in April 2024, up 7% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $67K | $59K | -11.9% |
| 2 Bedrooms | $126K | $149.5K | +18.7% |
| 3 Bedrooms | $220.2K | $235K | +6.7% |
| 4 Bedrooms | $297.4K | $262.4K | -11.8% |
| 5+ Bedrooms | $230K | $238K | +3.5% |
Summary: Fraser housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.9%, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
| Fraser | $215K | $230K | +7.0% |
| Roseville | $153.9K | $160.4K | +4.2% |
| Clinton Township | $229.2K | $230.2K | 0.4% |
| Clinton Charter Township | $230K | $230.5K | 0.2% |
Housing Supply in Fraser, MI
How many homes are available in Fraser, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 24 | +20.0% |
Summary: The Fraser real estate market had 24 homes for sale in April 2024, a 20.0% 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 | 4 | 8 | +100.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Fraser 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 decreased by 9.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fraser, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Fraser in April 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Fraser, MI
How long does it take to sell a home in Fraser, MI?
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fraser are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Fraser; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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.