$4,738 Closing Credit*
$399,000
4,800 SqFt
4 Beds
•2 Full Baths, 1 Partial
Walt Mann, Listing Office: REO-TCBellaire-233025
Is Forest Home Township, 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, Forest Home Township was a Seller's Market.
Key Takeaway
Forest Home Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Forest Home Township, MI
How much do homes in Forest Home Township, MI cost?
Median Sold Price
$375,000
$371/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$55,000(+17.2%)
Key Takeaway
Homes in Forest Home Township have sold for 17.2% more than they did a year ago.
Summary: The median home sold price in Forest Home Township was $375,000 in November 2024, up 17.2% from last year, and the median price per square foot was $371.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.5K | $315K | +207.3% |
| 2 Bedrooms | $240K | $335K | +39.6% |
| 3 Bedrooms | $301.5K | $434.5K | +44.1% |
| 4 Bedrooms | $392.5K | $375K | -4.5% |
| 5+ Bedrooms | $3.0M | $1.3M | -54.7% |
Summary: Forest Home Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 207.3%, 2 bedroom homes increased by 39.6%, 3 bedroom homes increased by 44.1%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 54.7%.
Median Sold Price Compared To Nearby Cities
| Forest Home Township | $320K | $375K | +17.2% |
| Bellaire | $273.5K | $315K | +15.2% |
| Kearney Township | $247.5K | $265K | +7.1% |
Housing Supply in Forest Home Township, MI
How many homes are available in Forest Home Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Summary: The Forest Home Township real estate market had 16 homes for sale in November 2024, a 5.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Forest Home Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
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 Forest Home Township, 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 Forest Home Township in November 2024, the same as the previous 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 Forest Home Township, MI
How long does it take to sell a home in Forest Home Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 93 Days | +68.3% |
Summary: Homes in Forest Home Township had an average of 93 days on market in Nov 2024, up by 68.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Forest Home Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Forest Home Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
