Is Frederic 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, Frederic Township was a Buyer's Market.
Housing Prices in Frederic Township, MI
How much do homes in Frederic Township, MI cost?
Median Sold Price
$238,500
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Frederic Township was $238,500 in May 2024, up 26.9% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $157.2K | $266.2K | +69.3% |
3 Bedrooms | $193.9K | $199K | +2.6% |
4 Bedrooms | $183.9K | - | N/A |
5+ Bedrooms | $495K | - | N/A |
Summary: Frederic 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 69.3%, 3 bedroom homes increased by 2.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Grayling Charter Township | $150K | $191.2K | +27.5% |
Frederic Township | $187.9K | $238.5K | +26.9% |
Frederic | $193.9K | $245.5K | +26.6% |
Otsego Lake Township | $250K | $292K | +16.8% |
Housing Supply in Frederic Township, MI
How many homes are available in Frederic Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 12 | +20.0% |
Summary: The Frederic Township real estate market had 12 homes for sale in May 2024, a 20.0% increase 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 | 3 | 2 | -33.3% |
3 Bedrooms | 5 | 7 | +40.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Frederic 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 decreased by 33.3%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Frederic Township in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Frederic Township, MI
We’re sorry, we don't have information for this market at the moment