$2,886 Closing Credit*
$243,000
1,116 SqFt
1 Bed
•1 Full Bath
#50163011, BRIAN OLSON, Listing Office: NORTHERN MICHIGAN LAND BROKERS
Is Forsyth Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Forsyth Township has remained a Seller's Market.
Key Takeaway
Forsyth Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forsyth Township, MI
How much do homes in Forsyth Township, MI cost?
Median Sold Price
$373,500
$157/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$149,000(+66.4%)
Key Takeaway
Homes in Forsyth Township have sold for 66.4% more than they did a month ago.
Summary: The median home sold price in Forsyth Township was $373,500 in November 2024, up 66.4% from last month, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $135K | N/A |
| 2 Bedrooms | $196.5K | - | N/A |
| 3 Bedrooms | $198K | $393.7K | +98.9% |
| 4 Bedrooms | $224.5K | $462K | +105.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Forsyth 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 did not change, 3 bedroom homes increased by 98.9%, 4 bedroom homes increased by 105.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Sands Township | $215K | $502K | +133.5% |
| Gwinn | $215K | $373.5K | +73.7% |
| Forsyth Township | $224.5K | $373.5K | +66.4% |
Housing Supply in Forsyth Township, MI
How many homes are available in Forsyth Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 25 | -7.4% |
Summary: The Forsyth Township real estate market had 25 homes for sale in November 2024, a 7.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Forsyth Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Forsyth 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 6 homes were sold or pending in Forsyth Township in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Forsyth Township, MI
How long does it take to sell a home in Forsyth Township, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 24 Days | -17.0% |
Summary: Homes in Forsyth Township had an average of 24 days on market in Nov 2024, down by 17% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Forsyth Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Forsyth Township; 50% 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.