Is Free Soil, 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, Free Soil has remained a Seller's Market.
Housing Prices in Free Soil, MI
How much do homes in Free Soil, MI cost?
Median Sold Price
$311,250
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Free Soil was $311,250 in May 2024, up 59.6% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $124K | - | N/A |
2 Bedrooms | $260K | $385K | +48.1% |
3 Bedrooms | $182.5K | $296.7K | +62.6% |
4 Bedrooms | $282.5K | $294.7K | +4.3% |
5+ Bedrooms | $534.8K | $1.0M | +96.5% |
Summary: Free Soil 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 48.1%, 3 bedroom homes increased by 62.6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 96.5%.
Median Sold Price Compared To Nearby Cities
Free Soil | $195K | $311.2K | +59.6% |
Free Soil Township | $195K | $311.2K | +59.6% |
Housing Supply in Free Soil, MI
How many homes are available in Free Soil, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 7 | -22.2% |
Summary: The Free Soil real estate market had 7 homes for sale in May 2024, a 22.2% 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 | 2 | 0 | -100.0% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Free Soil 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Free Soil in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Free Soil, MI
How long does it take to sell a home in Free Soil, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 79 Days | +168.1% |
Summary: Homes in Free Soil had an average of 79 days on market in May 2024, up by 168.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Free Soil; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.