$2,601 Closing Credit*
$219,000
1,030 SqFt
4 Beds
•1 Full Bath
#50161422, Cesar Ortega, Listing Office: Ayre/Rhinehart Bay REALTORS
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
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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $85K | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $230K | $245K | +6.5% |
| 5+ Bedrooms | - | - | 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 | $111.5K | $145.4K | +30.4% |
| Fairgrove Township | $230K | $165K | -28.3% |
| Fairgrove | $230K | $85K | -63.0% |
Housing Supply in Fairgrove Township, MI
How many homes are available in Fairgrove Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 0 | 3 | +100.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +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
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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 187 Days | 67 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
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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.