Is Fenwick, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Fenwick was a Neutral Market.
Key Takeaway
Fenwick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fenwick, MI
How much do homes in Fenwick, MI cost?
Median Sold Price
$240,000
$132/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Fenwick have sold for 9.4% less than they did a month ago.
Summary: The median home sold price in Fenwick was $240,000 in May 2024, down 9.4% from last month, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $227.5K | N/A |
| 4 Bedrooms | $265K | $240K | -9.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Fenwick housing prices by bedroom type for May 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 decreased by 9.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Orleans | $220K | $349.9K | +59.0% |
| Fenwick | $265K | $240K | -9.4% |
| Fairplain Township | $265K | $240K | -9.4% |
Housing Supply in Fenwick, MI
How many homes are available in Fenwick, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Summary: The Fenwick real estate market had 10 homes for sale in May 2024, a 42.9% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fenwick 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 increased by 40%, 4 bedroom homes increased by 50%, 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
2 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 Fenwick, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Fenwick in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Fenwick, MI
How long does it take to sell a home in Fenwick, MI?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 Days | 12 Days | +146.7% |
Summary: Homes in Fenwick had an average of 12 days on market in May 2024, up by 146.7% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fenwick are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Fenwick; 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.
