Is Foster Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Foster Township was a Seller's Market.
Key Takeaway
Foster Township 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 Foster Township, MI
How much do homes in Foster Township, MI cost?
Median Sold Price
$144,900
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Foster Township have sold for 17.3% more than they did a year ago.
Summary: The median home sold price in Foster Township was $144,900 in May 2024, up 17.3% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $192.5K | +175.0% |
| 2 Bedrooms | $129K | $126.9K | -1.6% |
| 3 Bedrooms | $210K | $147.8K | -29.6% |
| 4 Bedrooms | $118K | $285K | +141.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Foster Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 175%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 29.6%, 4 bedroom homes increased by 141.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Rose Township | $126K | $200K | +58.7% |
| Foster Township | $123.5K | $144.9K | +17.3% |
| Big Creek Township | $135K | $95K | -29.6% |
| Luzerne | $187.5K | $116.5K | -37.9% |
Housing Supply in Foster Township, MI
How many homes are available in Foster Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Summary: The Foster Township real estate market had 7 homes for sale in May 2024, a 40.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Foster Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Foster Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Foster Township in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Foster Township, MI
How long does it take to sell a home in Foster Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 292 Days | 238 Days | -18.5% |
Summary: Homes in Foster Township had an average of 238 days on market in May 2024, down by 18.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Foster Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 1 homes were sold in Foster Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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.