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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fawn River Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Fawn River Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Fawn River Township, MI

How much do homes in Fawn River Township, MI cost?

Median Sold Price

$213,800

$93/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$800(+0.4%)

Key Takeaway

The sold price of homes in Fawn River Township has remained the same since last month.

Summary: The median home sold price in Fawn River Township was $213,800 in November 2024, up 0.4% from last month, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$213.8K
N/A
3 $213K-
N/A
4 --
N/A
5+ --
N/A

Summary: Fawn River 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

Fawn River Township
0.4%
Burr Oak Township
-8.3%
Greenfield Township
-11.5%

Housing Supply in Fawn River Township, MI

How many homes are available in Fawn River Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
34+33.3%

Summary: The Fawn River Township real estate market had 4 homes for sale in November 2024, a 33.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 22
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Fawn River 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fawn River Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Fawn River Township in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Fawn River Township, MI

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

Average Sale Time

Oct 2024Nov 2024CHANGE
88 Days18 Days-79.5%

Summary: Homes in Fawn River Township had an average of 18 days on market in Nov 2024, down by 79.5% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in Fawn River 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.

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

Report Updated 21 Days Ago

Newest Listings in Fawn River Township, MI

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What housing markets are near Fawn River Township, MI?