$289,000
74.00 Acres
Land
#50160628, ROSEMARIE MAYFIELD, Listing Office: HARRISON REALTY INC.
Is Freeman Township, 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, Freeman Township has remained a Seller's Market.
Key Takeaway
Freeman Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Freeman Township, MI
How much do homes in Freeman Township, MI cost?
Median Sold Price
$147,000
$115/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$11,750(-7.4%)
Key Takeaway
Homes in Freeman Township have sold for 7.4% less than they did a month ago.
Summary: The median home sold price in Freeman Township was $147,000 in October 2024, down 7.4% from last month, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40K | - | N/A |
| 2 Bedrooms | $267.5K | $77K | -71.2% |
| 3 Bedrooms | $191.9K | $172.4K | -10.2% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Freeman Township 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 decreased by 71.2%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Freeman Township, MI
How many homes are available in Freeman Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Summary: The Freeman Township real estate market had 17 homes for sale in October 2024, a 10.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Freeman Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Freeman Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Freeman Township in October 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Freeman Township, MI
How long does it take to sell a home in Freeman Township, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 62 Days | +31.2% |
Summary: Homes in Freeman Township had an average of 62 days on market in Oct 2024, up by 31.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Freeman Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Freeman Township; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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.