Is Fruitport 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
At the same time last year, Fruitport Charter Township was a Seller's Market.
Key Takeaway
Fruitport Charter 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 Fruitport Charter Township, MI
How much do homes in Fruitport Charter Township, MI cost?
Median Sold Price
$313,750
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fruitport Charter Township have sold for 16.3% more than they did a year ago.
Summary: The median home sold price in Fruitport Charter Township was $313,750 in May 2024, up 16.3% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $245K | $292K | +19.2% |
| 3 Bedrooms | $240K | $277.1K | +15.5% |
| 4 Bedrooms | $320K | $364.4K | +13.9% |
| 5+ Bedrooms | $421.4K | $402K | -4.6% |
Summary: Fruitport Charter Township 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 19.2%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes decreased by 4.6%.
Median Sold Price Compared To Nearby Cities
| Fruitport Charter Township | $269.7K | $313.7K | +16.3% |
| Fruitport | $290K | $328.4K | +13.3% |
| Muskegon | $169.3K | $183.6K | +8.4% |
| Spring Lake Township | $377.1K | $388.9K | +3.1% |
| Sullivan Township | $255K | $257.5K | +1.0% |
Housing Supply in Fruitport Charter Township, MI
How many homes are available in Fruitport Charter Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 56 | +19.1% |
Summary: The Fruitport Charter Township real estate market had 56 homes for sale in May 2024, a 19.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 8 | 13 | +62.5% |
| 3 Bedrooms | 24 | 22 | -8.3% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The Fruitport 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 increased by 62.5%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fruitport Charter Township, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Fruitport Charter Township in May 2024, down by 35.7% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for Fruitport Charter Township, MI
How long does it take to sell a home in Fruitport Charter Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 47 Days | 21 Days | -54.0% |
Summary: Homes in Fruitport Charter Township had an average of 21 days on market in May 2024, down by 54% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fruitport Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Fruitport Charter Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
