Is Fork Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fork Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Fork Township was a Seller's Market.

Key Takeaway

Fork 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 Fork Township, MI

How much do homes in Fork Township, MI cost?

Median Sold Price

$114,000

$169/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$12,550(+12.4%)

Key Takeaway

Homes in Fork Township have sold for 12.4% more than they did a month ago.

Summary: The median home sold price in Fork Township was $114,000 in November 2024, up 12.4% from last month, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $90K-
N/A
2 $112.9K$114K
+1.0%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: Fork Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Fork Township
+12.4%
Barryton
-47.6%

Housing Supply in Fork Township, MI

How many homes are available in Fork Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
97-22.2%

Summary: The Fork Township real estate market had 7 homes for sale in November 2024, a 22.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 54
-20.0%
3 22
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Fork Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fork Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Fork Township in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Fork Township, MI

How long does it take to sell a home in Fork Township, MI?

Average Sale Time

Oct 2024Nov 2024CHANGE
75 Days7 Days-90.7%

Summary: Homes in Fork Township had an average of 7 days on market in Nov 2024, down by 90.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fork Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in Fork Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Fork Township, MI

Nearby Markets to Fork Township, MI

What housing markets are near Fork Township, MI?