Is Fruitport, 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, Fruitport has remained a Seller's Market.
Key Takeaway
Fruitport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fruitport, MI
How much do homes in Fruitport, MI cost?
Median Sold Price
$328,452
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fruitport have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in Fruitport was $328,452 in May 2024, up 13.3% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $237K | $295.4K | +24.7% |
| 3 Bedrooms | $260K | $300K | +15.4% |
| 4 Bedrooms | $382.5K | $382K | -0.1% |
| 5+ Bedrooms | $510K | $413.5K | -18.9% |
Summary: Fruitport 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 24.7%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 18.9%.
Median Sold Price Compared To Nearby Cities
| Fruitport Charter Township | $269.7K | $313.7K | +16.3% |
| Fruitport | $290K | $328.4K | +13.3% |
Housing Supply in Fruitport, MI
How many homes are available in Fruitport, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 21 | +50.0% |
Summary: The Fruitport real estate market had 21 homes for sale in May 2024, a 50.0% 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 | 4 | +300.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 4 | +100.0% |
Summary: The Fruitport 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 increased by 300%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fruitport, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Fruitport in May 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Fruitport, MI
How long does it take to sell a home in Fruitport, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 12 Days | +19.0% |
Summary: Homes in Fruitport had an average of 12 days on market in May 2024, up by 19% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fruitport are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Fruitport; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
