$3,324 Closing Credit*
$279,900
2,786 SqFt
4 Beds
•3 Full Baths
Susanne Katharinna Le feve, Listing Office: Michigan Prime Realty LLC
Is Fairplain Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Fairplain Township was a Buyer'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
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,500(+5.9%)
Key Takeaway
Homes in Fairplain Township have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Fairplain Township was $225,000 in October 2024, up 5.9% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | - | N/A |
| 2 Bedrooms | $263K | $185K | -29.7% |
| 3 Bedrooms | $206.2K | $230K | +11.5% |
| 4 Bedrooms | $186.2K | $235K | +26.2% |
| 5+ Bedrooms | - | $152K | N/A |
Summary: Fairplain Township housing prices by bedroom type for October 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 11.5%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Fenwick | $162.5K | $240K | +47.7% |
| Orleans | $193.7K | $227.9K | +17.7% |
| Bushnell Township | $187.5K | $203K | +8.3% |
| Fairplain Township | $212.5K | $225K | +5.9% |
| Sheridan | $235.8K | $185K | -21.6% |
Housing Supply in Fairplain Township, MI
How many homes are available in Fairplain Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Summary: The Fairplain Township real estate market had 4 homes for sale in October 2024, a 42.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fairplain 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 remained the same, 3 bedroom homes decreased by 66.7%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 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 may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Fairplain Township in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 30 Days | +30.4% |
Summary: Homes in Fairplain Township had an average of 30 days on market in Oct 2024, up by 30.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was 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 Fairplain Township has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Fairplain Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
