$2,255 Closing Credit*
$189,900
1,200 SqFt
3 Beds
•2 Full Baths
George D Merz, Listing Office: Big River Properties
Is Free Soil, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Free Soil has remained a Seller's Market.
Key Takeaway
Free Soil is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Free Soil, MI
How much do homes in Free Soil, MI cost?
Median Sold Price
$209,000
$134/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$118,000(-36.1%)
Key Takeaway
Homes in Free Soil have sold for 36.1% less than they did a month ago.
Summary: The median home sold price in Free Soil was $209,000 in October 2024, down 36.1% from last month, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $123K | N/A |
| 3 Bedrooms | $500K | $295K | -41.0% |
| 4 Bedrooms | $235.9K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Free Soil housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 41%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Free Soil | $327K | $209K | -36.1% |
| Free Soil Township | $327K | $209K | -36.1% |
Housing Supply in Free Soil, MI
How many homes are available in Free Soil, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Summary: The Free Soil real estate market had 7 homes for sale in October 2024, a 16.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Free Soil housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Free Soil, 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 Free Soil in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Free Soil, MI
How long does it take to sell a home in Free Soil, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 81 Days | +155.8% |
Summary: Homes in Free Soil had an average of 81 days on market in Oct 2024, up by 155.8% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Free Soil has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Free Soil; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
