$3,194 Closing Credit*
$269,000
1,368 SqFt
3 Beds
•1 Full Bath
Judy Billings, Listing Office: Five Star Real Estate-Holland
Is Fennville, 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, Fennville has remained a Seller's Market.
Key Takeaway
Fennville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fennville, MI
How much do homes in Fennville, MI cost?
Median Sold Price
$308,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$39,500(-11.4%)
Key Takeaway
Homes in Fennville have sold for 11.4% less than they did a year ago.
Summary: The median home sold price in Fennville was $308,000 in November 2024, down 11.4% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $724K | $159K | -78.0% |
| 2 Bedrooms | $362.5K | $252.2K | -30.4% |
| 3 Bedrooms | $310K | $273K | -11.9% |
| 4 Bedrooms | $455K | $448.2K | -1.5% |
| 5+ Bedrooms | $769.5K | $630K | -18.1% |
Summary: Fennville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 78%, 2 bedroom homes decreased by 30.4%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 18.1%.
Median Sold Price Compared To Nearby Cities
| Fennville | $347.5K | $308K | -11.4% |
| Clyde Township | $288K | $250K | -13.2% |
Housing Supply in Fennville, MI
How many homes are available in Fennville, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 44 | -8.3% |
Summary: The Fennville real estate market had 44 homes for sale in November 2024, a 8.3% 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 | 10 | 10 | 0.0% |
| 3 Bedrooms | 24 | 19 | -20.8% |
| 4 Bedrooms | 7 | 12 | +71.4% |
| 5+ Bedrooms | 7 | 3 | -57.1% |
Summary: The Fennville 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 remained the same, 3 bedroom homes decreased by 20.8%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes decreased by 57.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fennville, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Fennville in November 2024, the same as the previous month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.
Days on Market for Fennville, MI
How long does it take to sell a home in Fennville, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 32 Days | -24.3% |
Summary: Homes in Fennville had an average of 32 days on market in Nov 2024, down by 24.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fennville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Fennville; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
