$3,739 Closing Credit*
$314,900
1,976 SqFt
2 Beds
•2 Full Baths, 1 Partial
Lynn Moore, Josh Moore, Listing Office: Berkshire Hathaway HomeServices
Is Frankenmuth, 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, Frankenmuth was a Buyer's Market.
Key Takeaway
Frankenmuth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frankenmuth, MI
How much do homes in Frankenmuth, MI cost?
Median Sold Price
$300,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$10,000(-3.2%)
Key Takeaway
Homes in Frankenmuth have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in Frankenmuth was $300,000 in November 2024, down 3.2% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $209.9K | $257.2K | +22.6% |
| 3 Bedrooms | $310K | $292.5K | -5.6% |
| 4 Bedrooms | $358.5K | $408K | +13.8% |
| 5+ Bedrooms | $505K | $530K | +5.0% |
Summary: Frankenmuth 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 22.6%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
| Frankenmuth | $310K | $300K | -3.2% |
| Frankenmuth Township | $310K | $300K | -3.2% |
Housing Supply in Frankenmuth, MI
How many homes are available in Frankenmuth, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Summary: The Frankenmuth real estate market had 24 homes for sale in November 2024, a 4.3% increase 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Frankenmuth 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 increased by 20%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
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 Frankenmuth, 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 Frankenmuth in November 2024, up by 50.0% 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 Frankenmuth, MI
How long does it take to sell a home in Frankenmuth, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 56 Days | +90.9% |
Summary: Homes in Frankenmuth had an average of 56 days on market in Nov 2024, up by 90.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Frankenmuth are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Frankenmuth; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
