Is Fennville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Fennville was a Seller's Market.
Housing Prices in Fennville, MI
How much do homes in Fennville, MI cost?
Median Sold Price
$332,500
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fennville was $332,500 in April 2024, up 1.9% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $159.9K | $199K | +24.4% |
2 Bedrooms | $510K | $256K | -49.8% |
3 Bedrooms | $295K | $324.9K | +10.1% |
4 Bedrooms | $437.4K | $449.6K | +2.8% |
5+ Bedrooms | $859K | $465K | -45.9% |
Summary: Fennville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.4%, 2 bedroom homes decreased by 49.8%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 45.9%.
Median Sold Price Compared To Nearby Cities
Clyde Township | $250K | $274.9K | +10.0% |
Fennville | $326.2K | $332.5K | +1.9% |
Manlius Township | $342.5K | $330K | -3.6% |
Housing Supply in Fennville, MI
How many homes are available in Fennville, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 30 | -3.2% |
Summary: The Fennville real estate market had 30 homes for sale in April 2024, a 3.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 5 | 3 | -40.0% |
3 Bedrooms | 15 | 18 | +20.0% |
4 Bedrooms | 7 | 4 | -42.9% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Fennville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 3 | -75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Fennville in April 2024, down by 75.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Fennville, MI
How long does it take to sell a home in Fennville, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
66 Days | 59 Days | -11.3% |
Summary: Homes in Fennville had an average of 59 days on market in Apr 2024, down by 11.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Fennville; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.