$3,147 Closing Credit*
$265,000
1,744 SqFt
3 Beds
•2 Full Baths
Erica Blair, Listing Office: Midge & Co-Luxury Lakefront Homes
Is Frederic, 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, Frederic was a Buyer's Market.
Key Takeaway
Frederic is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frederic, MI
How much do homes in Frederic, MI cost?
Median Sold Price
$220,000
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$15,000(-6.4%)
Key Takeaway
Homes in Frederic have sold for 6.4% less than they did a year ago.
Summary: The median home sold price in Frederic was $220,000 in November 2024, down 6.4% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225K | $169.5K | -24.7% |
| 3 Bedrooms | $235K | $208.5K | -11.3% |
| 4 Bedrooms | $241.5K | $382.5K | +58.4% |
| 5+ Bedrooms | $495K | - | N/A |
Summary: Frederic 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 decreased by 24.7%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes increased by 58.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Otsego Lake Township | $282K | $317K | +12.4% |
| Frederic Township | $235K | $235.2K | 0.1% |
| Frederic | $235K | $220K | -6.4% |
Housing Supply in Frederic, MI
How many homes are available in Frederic, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Summary: The Frederic real estate market had 9 homes for sale in November 2024, a 12.5% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Frederic 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 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was 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. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Frederic in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% 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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