Is Fenton, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fenton has remained a Seller's Market.
Housing Prices in Fenton, MI
How much do homes in Fenton, MI cost?
Median Sold Price
$338,375
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fenton was $338,375 in May 2024, up 5.7% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $182.4K | $95K | -47.9% |
2 Bedrooms | $248.9K | $229.5K | -7.8% |
3 Bedrooms | $298K | $323K | +8.4% |
4 Bedrooms | $391.2K | $439.9K | +12.4% |
5+ Bedrooms | $584K | $500K | -14.4% |
Summary: Fenton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.9%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 14.4%.
Median Sold Price Compared To Nearby Cities
Fenton | $320K | $338.3K | +5.7% |
Fenton | $320K | $338.3K | +5.7% |
Fenton Charter Township | $325K | $340.2K | +4.7% |
Holly Township | $276.6K | $275.9K | -0.3% |
Tyrone Township | $402K | $400K | -0.5% |
Housing Supply in Fenton, MI
How many homes are available in Fenton, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
119 | 156 | +31.1% |
Summary: The Fenton real estate market had 156 homes for sale in May 2024, a 31.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 3 | +100.0% |
2 Bedrooms | 27 | 23 | -14.8% |
3 Bedrooms | 63 | 75 | +19.0% |
4 Bedrooms | 24 | 43 | +79.2% |
5+ Bedrooms | 5 | 12 | +140.0% |
Summary: The Fenton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.8%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 79.2%, and 5+ bedroom homes increased by 140%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 38 | +8.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Fenton in May 2024, up by 8.6% month-over-month. Of the 38 sold homes, 26% were sold under asking, 32% were sold at asking, and 42% were sold over asking.
Days on Market for Fenton, MI
How long does it take to sell a home in Fenton, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
36 Days | 20 Days | -42.3% |
Summary: Homes in Fenton had an average of 20 days on market in May 2024, down by 42.3% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 38 homes were sold in Fenton; 82% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.