Is Fairgrove Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairgrove Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Fairgrove Township was a Neutral Market.

Key Takeaway

Fairgrove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Fairgrove Township, MI

How much do homes in Fairgrove Township, MI cost?

Median Sold Price

$165,000

$190/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$65,000(-28.3%)

Key Takeaway

Homes in Fairgrove Township have sold for 28.3% less than they did a month ago.

Summary: The median home sold price in Fairgrove Township was $165,000 in October 2024, down 28.3% from last month, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$85K
N/A
2 --
N/A
3 --
N/A
4 $230K$245K
+6.5%
5+ --
N/A

Summary: Fairgrove Township housing prices by bedroom type for October 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 increased by 6.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Indianfields Township
+30.4%
Fairgrove Township
-28.3%
Fairgrove
-63.0%

Housing Supply in Fairgrove Township, MI

How many homes are available in Fairgrove Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
56+20.0%

Summary: The Fairgrove Township real estate market had 6 homes for sale in October 2024, a 20.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 21
-50.0%
3 03
+100.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The Fairgrove Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairgrove Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Fairgrove Township in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Fairgrove Township, MI

How long does it take to sell a home in Fairgrove Township, MI?

Average Sale Time

Sep 2024Oct 2024CHANGE
187 Days67 Days-63.9%

Summary: Homes in Fairgrove Township had an average of 67 days on market in Oct 2024, down by 63.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fairgrove Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Fairgrove Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

Newest Listings in Fairgrove Township, MI

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