Is Fostoria, 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, Fostoria was a Buyer's Market.
Housing Prices in Fostoria, MI
How much do homes in Fostoria, MI cost?
Median Sold Price
$224,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fostoria was $224,000 in May 2024, up 10.7% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $126.5K | $194.5K | +53.8% |
3 Bedrooms | $205K | $242K | +18.0% |
4 Bedrooms | $192.5K | $272.4K | +41.5% |
5+ Bedrooms | - | $150K | N/A |
Summary: Fostoria housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 53.8%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 41.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Rich Township | $190K | $220K | +15.8% |
Deerfield Township | $225K | $252K | +12.0% |
Fostoria | $202.3K | $224K | +10.7% |
Marathon Township | $229K | $248.2K | +8.4% |
Housing Supply in Fostoria, MI
How many homes are available in Fostoria, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Summary: The Fostoria real estate market had 4 homes for sale in May 2024, a 20.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 5 | 4 | -20.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fostoria 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Fostoria in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Fostoria, MI
How long does it take to sell a home in Fostoria, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
7 Days | 54 Days | +671.4% |
Summary: Homes in Fostoria had an average of 54 days on market in May 2024, up by 671.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Fostoria; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.