$4,036 Closing Credit*
$339,900
3,187 SqFt
4 Beds
•3 Full Baths, 1 Partial
Lynn Moore, Josh Moore, Listing Office: Berkshire Hathaway HomeServices
Is Frankenlust Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Frankenlust Township has remained a Seller's Market.
Key Takeaway
Frankenlust Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frankenlust Township, MI
How much do homes in Frankenlust Township, MI cost?
Median Sold Price
$287,500
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$47,050(+19.6%)
Key Takeaway
Homes in Frankenlust Township have sold for 19.6% more than they did a year ago.
Summary: The median home sold price in Frankenlust Township was $287,500 in November 2024, up 19.6% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55K | $52K | -5.5% |
| 2 Bedrooms | $215K | $225K | +4.7% |
| 3 Bedrooms | $290.9K | $287.5K | -1.2% |
| 4 Bedrooms | $340K | $350K | +2.9% |
| 5+ Bedrooms | $330.5K | $439.9K | +33.1% |
Summary: Frankenlust Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.5%, 2 bedroom homes increased by 4.7%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 33.1%.
Median Sold Price Compared To Nearby Cities
| Frankenlust Township | $240.4K | $287.5K | +19.6% |
| Freeland | $285K | $315K | +10.5% |
| Bay City | $134K | $140.1K | +4.6% |
| Monitor Charter Township | $212.4K | $218K | +2.6% |
Housing Supply in Frankenlust Township, MI
How many homes are available in Frankenlust Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Summary: The Frankenlust Township real estate market had 10 homes for sale in November 2024, a 9.1% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 0 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Frankenlust 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 decreased by 28.6%, 4 bedroom homes increased by 100%, 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
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 Frankenlust 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 Frankenlust Township in November 2024, the same as the previous 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 Frankenlust Township, MI
How long does it take to sell a home in Frankenlust Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 65 Days | +225.0% |
Summary: Homes in Frankenlust Township had an average of 65 days on market in Nov 2024, up by 225% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Frankenlust Township has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Frankenlust 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.