$119,900
40.00 Acres
Land
Sandra Gunning, Listing Office: REMAX Bayshore - Kalkaska
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
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$9,387(-3.8%)
Key Takeaway
Homes in Fife Lake have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in Fife Lake was $237,000 in October 2024, down 3.8% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.9K | $62.4K | -61.0% |
| 2 Bedrooms | $190K | $198.7K | +4.6% |
| 3 Bedrooms | $334.7K | $237K | -29.2% |
| 4 Bedrooms | $245.5K | $318K | +29.5% |
| 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 4.6%, 3 bedroom homes decreased by 29.2%, 4 bedroom homes increased by 29.5%, and 5+ bedroom homes increased by 21.7%.
Median Sold Price Compared To Nearby Cities
| Garfield Township | $200K | $244.7K | +22.4% |
| Springfield Township | $145K | $167.5K | +15.5% |
| Fife Lake | $246.3K | $237K | -3.8% |
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 |
|---|---|---|
| 27 | 24 | -11.1% |
Summary: The Fife Lake real estate market had 24 homes for sale in October 2024, a 11.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 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 remained the same, 2 bedroom homes increased by 25%, 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 |
|---|---|---|
| 8 | 5 | -37.5% |
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 5 homes were sold or pending in Fife Lake in October 2024, down by 37.5% 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 |
|---|---|---|
| 60 Days | 72 Days | +19.1% |
Summary: Homes in Fife Lake had an average of 72 days on market in Oct 2024, up by 19.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was 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, 5 homes were sold in Fife Lake; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
© 2024 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.