$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 Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Fife Lake Township was a Seller's Market.
Key Takeaway
Fife Lake Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Fife Lake Township, MI
How much do homes in Fife Lake Township, MI cost?
Median Sold Price
$238,500
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$7,887(-3.2%)
Key Takeaway
Homes in Fife Lake Township have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in Fife Lake Township was $238,500 in October 2024, down 3.2% 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 | $192.5K | +1.3% |
| 3 Bedrooms | $334.8K | $238.5K | -28.8% |
| 4 Bedrooms | $300K | $346.5K | +15.5% |
| 5+ Bedrooms | $330K | $401.7K | +21.7% |
Summary: Fife Lake Township 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 1.3%, 3 bedroom homes decreased by 28.8%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 21.7%.
Median Sold Price Compared To Nearby Cities
| Springfield Township | $145K | $167.5K | +15.5% |
| Fife Lake Township | $246.3K | $238.5K | -3.2% |
| Fife Lake | $250K | $237K | -5.2% |
Housing Supply in Fife Lake Township, MI
How many homes are available in Fife Lake Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 23 | -14.8% |
Summary: The Fife Lake Township real estate market had 23 homes for sale in October 2024, a 14.8% 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fife Lake Township 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 25%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
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 Township, 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 Township in October 2024, down by 50.0% 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 Township, MI
How long does it take to sell a home in Fife Lake Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 64 Days | 85 Days | +32.9% |
Summary: Homes in Fife Lake Township 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 Township has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Fife Lake Township; 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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