$2,078 Closing Credit*
$175,000
1,080 SqFt
3 Beds
•2 Full Baths
Scott Giddings, Listing Office: Five Star Real Estate (Stanton)
Is Fairplain Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Fairplain Township has remained a Seller's Market.
Key Takeaway
Fairplain Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairplain Township, MI
How much do homes in Fairplain Township, MI cost?
Median Sold Price
$225,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$9,375(-4.0%)
Key Takeaway
Homes in Fairplain Township have sold for 4% less than they did a year ago.
Summary: The median home sold price in Fairplain Township was $225,000 in November 2024, down 4% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $263K | $185K | -29.7% |
| 3 Bedrooms | $212.5K | $225K | +5.9% |
| 4 Bedrooms | $228.1K | $235K | +3.0% |
| 5+ Bedrooms | $152K | - | N/A |
Summary: Fairplain Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 29.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Fenwick | $200K | $237.5K | +18.8% |
| Fairplain Township | $234.3K | $225K | -4.0% |
| Sheridan | $235K | $205.4K | -12.6% |
Housing Supply in Fairplain Township, MI
How many homes are available in Fairplain Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Summary: The Fairplain Township real estate market had 4 homes for sale in November 2024, a 33.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fairplain Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 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 Fairplain Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Fairplain Township in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Fairplain Township, MI
How long does it take to sell a home in Fairplain Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 3 Days | -94.6% |
Summary: Homes in Fairplain Township had an average of 3 days on market in Nov 2024, down by 94.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairplain Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Fairplain Township; 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.
