$1,721 Closing Credit*
$144,900
1,500 SqFt
3 Beds
•2 Full Baths
Tim Powell, Listing Office: REMAX Right Choice
Is Fairgrove Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Fairgrove Township has remained a Seller's 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
$238,500
$163/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$73,500(+44.5%)
Key Takeaway
Homes in Fairgrove Township have sold for 44.5% more than they did a month ago.
Summary: The median home sold price in Fairgrove Township was $238,500 in November 2024, up 44.5% from last month, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | - | N/A |
| 2 Bedrooms | - | $232K | N/A |
| 3 Bedrooms | - | $245K | N/A |
| 4 Bedrooms | $245K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Fairgrove Township housing prices by bedroom type for November 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 did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Fairgrove | $85K | $232K | +172.9% |
| Indianfields Township | $145.4K | $225K | +54.7% |
| Fairgrove Township | $165K | $238.5K | +44.5% |
Housing Supply in Fairgrove Township, MI
How many homes are available in Fairgrove Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Summary: The Fairgrove Township real estate market had 6 homes for sale in November 2024, a 14.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fairgrove Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fairgrove Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Fairgrove Township in November 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 Days | 57 Days | -14.8% |
Summary: Homes in Fairgrove Township had an average of 57 days on market in Nov 2024, down by 14.8% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fairgrove Township has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Fairgrove Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
