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 buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Fork Township was a Neutral Market.

Key Takeaway

Fork Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Fork Township, MI

How much do homes in Fork Township, MI cost?

Median Sold Price

$340,000

$377/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$226,000(+198.2%)

Key Takeaway

Homes in Fork Township have sold for 198.2% more than they did a month ago.

Summary: The median home sold price in Fork Township was $340,000 in December 2024, up 198.2% from last month, and the median price per square foot was $377.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $114K$340K
+198.2%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: Fork Township housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 198.2%, 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

Barryton
+206.3%
Fork Township
+198.2%

Housing Supply in Fork Township, MI

How many homes are available in Fork Township, MI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
79+28.6%

Summary: The Fork Township real estate market had 9 homes for sale in December 2024, a 28.6% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 44
0.0%
3 23
+50.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The Fork Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

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 December 2024, the same as the previous 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

Nov 2024Dec 2024CHANGE
7 Days61 Days+771.4%

Summary: Homes in Fork Township had an average of 61 days on market in Dec 2024, up by 771.4% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Fork Township has remained consistent over time.

Summary: During December 2024, 1 homes were sold in Fork Township; 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.

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

Report Updated 4 Days Ago

Newest Listings in Fork Township, MI

Nearby Markets to Fork Township, MI

What housing markets are near Fork Township, MI?