Is Fenton Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fenton Charter Township has remained a Seller's Market.
Housing Prices in Fenton Charter Township, MI
How much do homes in Fenton Charter Township, MI cost?
Median Sold Price
$340,208
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fenton Charter Township was $340,208 in May 2024, up 4.7% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $182.4K | $95K | -47.9% |
2 Bedrooms | $249.9K | $230K | -8.0% |
3 Bedrooms | $300K | $330K | +10.0% |
4 Bedrooms | $395K | $430K | +8.9% |
5+ Bedrooms | $630K | $513K | -18.6% |
Summary: Fenton Charter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.9%, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 18.6%.
Median Sold Price Compared To Nearby Cities
Linden | $319.6K | $340K | +6.4% |
Fenton | $320K | $338.3K | +5.7% |
Fenton | $320K | $338.3K | +5.7% |
Fenton Charter Township | $325K | $340.2K | +4.7% |
Holly Township | $276.6K | $275.9K | -0.3% |
Housing Supply in Fenton Charter Township, MI
How many homes are available in Fenton Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
152 | 195 | +28.3% |
Summary: The Fenton Charter Township real estate market had 195 homes for sale in May 2024, a 28.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 3 | +100.0% |
2 Bedrooms | 30 | 26 | -13.3% |
3 Bedrooms | 79 | 91 | +15.2% |
4 Bedrooms | 34 | 58 | +70.6% |
5+ Bedrooms | 9 | 17 | +88.9% |
Summary: The Fenton Charter Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 70.6%, and 5+ bedroom homes increased by 88.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
46 | 43 | -6.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in Fenton Charter Township in May 2024, down by 6.5% month-over-month. Of the 43 sold homes, 28% were sold under asking, 28% were sold at asking, and 44% were sold over asking.
Days on Market for Fenton Charter Township, MI
How long does it take to sell a home in Fenton Charter Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 19 Days | -42.5% |
Summary: Homes in Fenton Charter Township had an average of 19 days on market in May 2024, down by 42.5% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 43 homes were sold in Fenton Charter Township; 84% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.