$1,959 Closing Credit*
$165,000
1,062 SqFt
2 Beds
•1 Full Bath
Wade Edwards, Listing Office: ERA Greater North Properties
Is Fountain, 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, Fountain was a Buyer's Market.
Key Takeaway
Fountain 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 Fountain, MI
How much do homes in Fountain, MI cost?
Median Sold Price
$253,500
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$95,250(+60.2%)
Key Takeaway
Homes in Fountain have sold for 60.2% more than they did a year ago.
Summary: The median home sold price in Fountain was $253,500 in November 2024, up 60.2% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | - | N/A |
| 2 Bedrooms | $100K | $147.5K | +47.5% |
| 3 Bedrooms | $275K | $258.5K | -6.0% |
| 4 Bedrooms | $315K | $336.2K | +6.7% |
| 5+ Bedrooms | - | $447.5K | N/A |
Summary: Fountain housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 47.5%, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes did not change.
Housing Supply in Fountain, MI
How many homes are available in Fountain, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The Fountain real estate market had 13 homes for sale in November 2024, a 7.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Fountain 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 16.7%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fountain, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Fountain in November 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Fountain, MI
How long does it take to sell a home in Fountain, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 112 Days | 44 Days | -60.3% |
Summary: Homes in Fountain had an average of 44 days on market in Nov 2024, down by 60.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fountain are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Fountain; 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.
