Is Forest Home Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Forest Home Township has remained a Seller's Market.
Housing Prices in Forest Home Township, MI
How much do homes in Forest Home Township, MI cost?
Median Sold Price
$272,000
$571/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Forest Home Township was $272,000 in April 2024, down 12.3% from last month, and the median price per square foot was $571.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $272K | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $310K | - | N/A |
4 Bedrooms | $172K | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Forest Home Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Forest Home Township | $310K | $272K | -12.3% |
Kewadin | $435K | $215K | -50.6% |
Housing Supply in Forest Home Township, MI
How many homes are available in Forest Home Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 11 | 0.0% |
Summary: The Forest Home Township real estate market had 11 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Forest Home Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Forest Home Township in April 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Forest Home Township, MI
How long does it take to sell a home in Forest Home Township, MI?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
124 Days | 84 Days | -32.6% |
Summary: Homes in Forest Home Township had an average of 84 days on market in Apr 2024, down by 32.6% compared to last month.
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 April 2024, 2 homes were sold in Forest Home Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.