$5,758 Closing Credit*
$484,900
1,741 SqFt
4 Beds
•3 Full Baths
Michael Schauman, Listing Office: Century 21 Signature Realty
Is Freeland, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Freeland has remained a Seller's Market.
Key Takeaway
Freeland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Freeland, MI
How much do homes in Freeland, MI cost?
Median Sold Price
$312,875
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,875(+4.3%)
Key Takeaway
Homes in Freeland have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Freeland was $312,875 in October 2024, up 4.3% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $398K | $306.2K | -23.1% |
| 2 Bedrooms | $192.5K | $197.5K | +2.6% |
| 3 Bedrooms | $285K | $292.5K | +2.6% |
| 4 Bedrooms | $390K | $372.5K | -4.5% |
| 5+ Bedrooms | $384K | $400K | +4.2% |
Summary: Freeland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.1%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Thomas Township | $188K | $220K | +17.0% |
| Freeland | $300K | $312.8K | +4.3% |
| Tittabawassee Township | $305K | $315.2K | +3.4% |
| Richland Township | $313.5K | $320K | +2.1% |
Housing Supply in Freeland, MI
How many homes are available in Freeland, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 48 | +6.7% |
Summary: The Freeland real estate market had 48 homes for sale in October 2024, a 6.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 21 | 23 | +9.5% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Freeland 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 remained the same, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Freeland, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Freeland in October 2024, down by 30.8% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for Freeland, MI
How long does it take to sell a home in Freeland, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 59 Days | +108.1% |
Summary: Homes in Freeland had an average of 59 days on market in Oct 2024, up by 108.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Freeland are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Freeland; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% 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.