Is Freeman 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, Freeman Township has remained a Seller's Market.
Housing Prices in Freeman Township, MI
How much do homes in Freeman Township, MI cost?
Median Sold Price
$144,450
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Freeman Township was $144,450 in May 2024, up 10.3% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $59.9K | - | N/A |
2 Bedrooms | $122.1K | $90K | -26.3% |
3 Bedrooms | $155K | $162K | +4.5% |
4 Bedrooms | - | $309.4K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Freeman 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 decreased by 26.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Garfield Township | $120K | $177K | +47.5% |
Lake | $125K | $147K | +17.6% |
Freeman Township | $131K | $144.4K | +10.3% |
Lincoln Township | $149.5K | $153K | +2.3% |
Housing Supply in Freeman Township, MI
How many homes are available in Freeman Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 12 | +71.4% |
Summary: The Freeman Township real estate market had 12 homes for sale in May 2024, a 71.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 4 | 8 | +100.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Freeman Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Freeman Township in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Freeman Township, MI
How long does it take to sell a home in Freeman Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
57 Days | 23 Days | -59.6% |
Summary: Homes in Freeman Township had an average of 23 days on market in May 2024, down by 59.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Freeman Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.