$7,838 Closing Credit*
$660,000
880 SqFt
2 Beds
•1 Bath
Stephanie Holbel, Listing Office: Traverse Real Estate
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 October 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
$417,000
$359/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$87,000(+26.4%)
Key Takeaway
Homes in Forest Home Township have sold for 26.4% more than they did a year ago.
Summary: The median home sold price in Forest Home Township was $417,000 in October 2024, up 26.4% from last year, and the median price per square foot was $359.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $296K | N/A |
| 2 Bedrooms | $225K | $337.5K | +50.0% |
| 3 Bedrooms | $301.5K | $452K | +49.9% |
| 4 Bedrooms | $390K | $375K | -3.8% |
| 5+ Bedrooms | - | $1.7M | N/A |
Summary: Forest Home Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 49.9%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Forest Home Township | $330K | $417K | +26.4% |
| Kearney Township | $248.2K | $272.5K | +9.8% |
| Bellaire | $301.5K | $320K | +6.1% |
Housing Supply in Forest Home Township, MI
How many homes are available in Forest Home Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Summary: The Forest Home Township real estate market had 17 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Forest Home Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 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 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 October 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 Forest Home Township, MI
How long does it take to sell a home in Forest Home Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 71 Days | 51 Days | -28.9% |
Summary: Homes in Forest Home Township had an average of 51 days on market in Oct 2024, down by 28.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Forest Home Township has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Forest Home Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
