$2,849 Closing Credit*
$239,900
1,668 SqFt
4 Beds
•1 Full Bath
Matthew Dakoske, Listing Office: REMAX Bayshore - Union St TC
Is Fife Lake, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Fife Lake has remained a Seller's Market.
Key Takeaway
Fife Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fife Lake, MI
How much do homes in Fife Lake, MI cost?
Median Sold Price
$237,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$13,000(-5.2%)
Key Takeaway
Homes in Fife Lake have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in Fife Lake was $237,000 in October 2024, down 5.2% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.9K | $62.4K | -61.0% |
| 2 Bedrooms | $182.5K | $187.7K | +2.9% |
| 3 Bedrooms | $334.8K | $237K | -29.2% |
| 4 Bedrooms | $300K | $318K | +6.0% |
| 5+ Bedrooms | $330K | $401.7K | +21.7% |
Summary: Fife Lake housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 29.2%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 21.7%.
Median Sold Price Compared To Nearby Cities
| Fife Lake Township | $246.3K | $238.5K | -3.2% |
| Fife Lake | $246.3K | $237K | -3.8% |
| Fife Lake | $250K | $237K | -5.2% |
Housing Supply in Fife Lake, MI
How many homes are available in Fife Lake, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 22 | -12.0% |
Summary: The Fife Lake real estate market had 22 homes for sale in October 2024, a 12.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fife Lake housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fife Lake, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Fife Lake in October 2024, down by 42.9% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Fife Lake, MI
How long does it take to sell a home in Fife Lake, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 64 Days | 85 Days | +32.9% |
Summary: Homes in Fife Lake had an average of 85 days on market in Oct 2024, up by 32.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fife Lake has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Fife Lake; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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