Is Freeport, 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, Freeport has remained a Seller's Market.
Key Takeaway
Freeport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Freeport, MI
How much do homes in Freeport, MI cost?
Median Sold Price
$313,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Freeport have sold for 42.3% more than they did a year ago.
Summary: The median home sold price in Freeport was $313,000 in May 2024, up 42.3% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $264.9K | $300K | +13.3% |
| 3 Bedrooms | $205K | $329K | +60.5% |
| 4 Bedrooms | $220K | $256.5K | +16.6% |
| 5+ Bedrooms | $279K | $407K | +45.9% |
Summary: Freeport 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 increased by 13.3%, 3 bedroom homes increased by 60.5%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes increased by 45.9%.
Median Sold Price Compared To Nearby Cities
| Campbell Township | $230K | $347K | +50.9% |
| Freeport | $220K | $313K | +42.3% |
| Irving Township | $315K | $301.5K | -4.3% |
| Bowne Township | $424K | $399.9K | -5.7% |
Housing Supply in Freeport, MI
How many homes are available in Freeport, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Summary: The Freeport real estate market had 2 homes for sale in May 2024, a 33.3% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Freeport 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Freeport, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Freeport in May 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Freeport, MI
How long does it take to sell a home in Freeport, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 5 Days | -58.3% |
Summary: Homes in Freeport had an average of 5 days on market in May 2024, down by 58.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Freeport are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Freeport; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
