$3,147 Closing Credit*
$265,000
2,008 SqFt
2 Beds
•1 Full Bath, 1 Partial
Layne W Lucia, Listing Office: Lucia Properties
Is Frankenmuth Township, 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 Township was a Buyer's Market.
Key Takeaway
Frankenmuth Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frankenmuth Township, MI
How much do homes in Frankenmuth Township, 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 Township have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in Frankenmuth Township 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 | $290K | -6.5% |
| 4 Bedrooms | $358.5K | $406K | +13.2% |
| 5+ Bedrooms | $505K | $530K | +5.0% |
Summary: Frankenmuth Township 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 6.5%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
| Frankenmuth Township | $310K | $300K | -3.2% |
| Frankenmuth | $310K | $300K | -3.2% |
Housing Supply in Frankenmuth Township, MI
How many homes are available in Frankenmuth Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 26 | +8.3% |
Summary: The Frankenmuth Township real estate market had 26 homes for sale in November 2024, a 8.3% 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 | 6 | +200.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Frankenmuth 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 increased by 20%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 200%, 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 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 Frankenmuth Township 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 Township, MI
How long does it take to sell a home in Frankenmuth Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 56 Days | +90.9% |
Summary: Homes in Frankenmuth Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Frankenmuth Township; 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.
