$3,681 Closing Credit*
$310,000
1,540 SqFt
4 Beds
•2 Full Baths
Becky Brougham, Listing Office: Realty Executives Home Towne
Is Fife Lake, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Fife Lake was a Seller's Market.
Key Takeaway
Fife Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fife Lake, MI
How much do homes in Fife Lake, MI cost?
Median Sold Price
$238,500
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$7,887(-3.2%)
Key Takeaway
Homes in Fife Lake have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in Fife Lake was $238,500 in November 2024, down 3.2% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $62.4K | -48.0% |
| 2 Bedrooms | $182.5K | $205K | +12.3% |
| 3 Bedrooms | $268.7K | $240K | -10.7% |
| 4 Bedrooms | $300K | $346.5K | +15.5% |
| 5+ Bedrooms | $345.5K | $442.4K | +28.1% |
Summary: Fife Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48%, 2 bedroom homes increased by 12.3%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 28.1%.
Median Sold Price Compared To Nearby Cities
| Garfield Township | $212.5K | $240K | +12.9% |
| Springfield Township | $158.9K | $165K | +3.8% |
| Fife Lake | $246.3K | $238.5K | -3.2% |
Housing Supply in Fife Lake, MI
How many homes are available in Fife Lake, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Summary: The Fife Lake real estate market had 20 homes for sale in November 2024, a 5.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fife Lake housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were 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. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Fife Lake in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 61 Days | 61 Days | 0.0% |
Summary: Homes in Fife Lake had an average of 61 days on market in Nov 2024, the same as last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fife Lake has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Fife Lake; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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