Is Fremont Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fremont Township has remained a Seller's Market.
Housing Prices in Fremont Township, MI
How much do homes in Fremont Township, MI cost?
Median Sold Price
$224,750
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fremont Township was $224,750 in May 2024, up 16.5% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $118.5K | $126K | +6.3% |
2 Bedrooms | $150K | $180K | +20.0% |
3 Bedrooms | $182K | $223.7K | +22.9% |
4 Bedrooms | $270K | $292.2K | +8.2% |
5+ Bedrooms | $360K | $217K | -39.7% |
Summary: Fremont Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 39.7%.
Median Sold Price Compared To Nearby Cities
Fremont Township | $193K | $224.7K | +16.5% |
Thomas Township | $193.5K | $204.5K | +5.7% |
Hemlock | $170K | $176K | +3.5% |
Richland Township | $315K | $306.2K | -2.8% |
Swan Creek Township | $244.9K | $205K | -16.3% |
Housing Supply in Fremont Township, MI
How many homes are available in Fremont Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 34 | -15.0% |
Summary: The Fremont Township real estate market had 34 homes for sale in May 2024, a 15.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 16 | 12 | -25.0% |
4 Bedrooms | 10 | 7 | -30.0% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Fremont Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 8 | -33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Fremont Township in May 2024, down by 33.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Fremont Township, MI
How long does it take to sell a home in Fremont Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 59 Days | +46.6% |
Summary: Homes in Fremont Township had an average of 59 days on market in May 2024, up by 46.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Fremont Township; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.