$2,196 Closing Credit*
$184,900
1,120 SqFt
3 Beds
•1 Full Bath, 1 Partial
Dave Wieland, Sabrina Foy, Listing Office: RE/MAX New Image
Is Freeland, 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, 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
$315,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+10.5%)
Key Takeaway
Homes in Freeland have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Freeland was $315,000 in November 2024, up 10.5% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $276.5K | $457.5K | +65.5% |
| 2 Bedrooms | $192.5K | $201.2K | +4.5% |
| 3 Bedrooms | $270.4K | $307.5K | +13.7% |
| 4 Bedrooms | $389.5K | $365K | -6.3% |
| 5+ Bedrooms | $384K | $400K | +4.2% |
Summary: Freeland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 65.5%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 13.7%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Thomas Township | $190K | $224K | +17.9% |
| Freeland | $285K | $315K | +10.5% |
| Richland Township | $300K | $327.4K | +9.2% |
| Tittabawassee Township | $292.4K | $315.7K | +8.0% |
Housing Supply in Freeland, MI
How many homes are available in Freeland, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 37 | -24.5% |
Summary: The Freeland real estate market had 37 homes for sale in November 2024, a 24.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 24 | 20 | -16.7% |
| 4 Bedrooms | 13 | 10 | -23.1% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Freeland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 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 November 2024, the same as the previous month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 20 Days | +20.2% |
Summary: Homes in Freeland had an average of 20 days on market in Nov 2024, up by 20.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Freeland are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Freeland; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% 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.