Is Fraser, 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, Fraser has remained a Seller's Market.
Housing Prices in Fraser, MI
How much do homes in Fraser, MI cost?
Median Sold Price
$225,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fraser was $225,000 in May 2024, up 3.7% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $56K | $59K | +5.4% |
2 Bedrooms | $119K | $149.5K | +25.6% |
3 Bedrooms | $225K | $250K | +11.1% |
4 Bedrooms | $297.4K | $262.4K | -11.8% |
5+ Bedrooms | $230K | $238K | +3.5% |
Summary: Fraser housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 25.6%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
Roseville | $153K | $163.5K | +6.9% |
Fraser | $217K | $225K | +3.7% |
Clinton Township | $228.2K | $230.5K | +1.0% |
Clinton Charter Township | $229.9K | $230.4K | 0.2% |
Housing Supply in Fraser, MI
How many homes are available in Fraser, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 41 | +57.7% |
Summary: The Fraser real estate market had 41 homes for sale in May 2024, a 57.7% 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 | 8 | 14 | +75.0% |
3 Bedrooms | 12 | 20 | +66.7% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Fraser 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 increased by 75%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 13 | +225.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Fraser in May 2024, up by 225.0% month-over-month. Of the 13 sold homes, 23% were sold under asking, 15% were sold at asking, and 62% were sold over asking.
Days on Market for Fraser, MI
How long does it take to sell a home in Fraser, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 23 Days | +182.5% |
Summary: Homes in Fraser had an average of 23 days on market in May 2024, up by 182.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Fraser; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.