$2,671 Closing Credit*
$224,900
1,108 SqFt
2 Beds
•1 Full Bath
#50163257, Christopher Waring, Listing Office: Berkshire Hathaway HomeServices Kee Realty NB
Is Fraser, 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, Fraser has remained a Seller's Market.
Key Takeaway
Fraser is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fraser, MI
How much do homes in Fraser, MI cost?
Median Sold Price
$223,500
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,500(-1.1%)
Key Takeaway
Homes in Fraser have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Fraser was $223,500 in November 2024, down 1.1% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $67K | $97.5K | +45.5% |
| 2 Bedrooms | $112K | $149.5K | +33.5% |
| 3 Bedrooms | $231.5K | $235K | +1.5% |
| 4 Bedrooms | $277K | $288K | +4.0% |
| 5+ Bedrooms | - | $252.5K | N/A |
Summary: Fraser housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.5%, 2 bedroom homes increased by 33.5%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Clinton Township | $223.2K | $250K | +12.0% |
| Clinton Charter Township | $224.5K | $250K | +11.3% |
| Roseville | $150.4K | $164.7K | +9.5% |
| Fraser | $226K | $223.5K | -1.1% |
Housing Supply in Fraser, MI
How many homes are available in Fraser, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 51 | +27.5% |
Summary: The Fraser real estate market had 51 homes for sale in November 2024, a 27.5% increase 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 | 12 | 12 | 0.0% |
| 3 Bedrooms | 17 | 30 | +76.5% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fraser 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 remained the same, 3 bedroom homes increased by 76.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fraser, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Fraser in November 2024, up by 25.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 30% were sold at asking, and 40% were sold over asking.
Days on Market for Fraser, MI
How long does it take to sell a home in Fraser, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 23 Days | -6.7% |
Summary: Homes in Fraser had an average of 23 days on market in Nov 2024, down by 6.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fraser are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Fraser; 60% of homes were sold within 30 days, 40% 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.