$2,672 Closing Credit*
$225,000
1,248 SqFt
3 Beds
•2 Full Baths
William R Blaker, Listing Office: BLAKER REALTY
Is Frederic, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Frederic was a Seller's Market.
Key Takeaway
Frederic is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Frederic, MI
How much do homes in Frederic, MI cost?
Median Sold Price
$220,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$17,500(-7.4%)
Key Takeaway
Homes in Frederic have sold for 7.4% less than they did a year ago.
Summary: The median home sold price in Frederic was $220,000 in October 2024, down 7.4% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $240K | $168.2K | -29.9% |
| 3 Bedrooms | $235K | $208.5K | -11.3% |
| 4 Bedrooms | $168K | $410K | +144.0% |
| 5+ Bedrooms | $495K | - | N/A |
Summary: Frederic housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 29.9%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes increased by 144%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Otsego Lake Township | $290.5K | $307.5K | +5.9% |
| Frederic Township | $235K | $238.5K | +1.5% |
| Frederic | $237.5K | $220K | -7.4% |
Housing Supply in Frederic, MI
How many homes are available in Frederic, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The Frederic real estate market had 8 homes for sale in October 2024, a 11.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Frederic housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frederic, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Frederic in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Frederic, MI
We’re sorry, we don't have information for this market at the moment
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