$3,086 Closing Credit*
$259,900
1,284 SqFt
2 Beds
•2 Full Baths
Marlene H Woodruff, Listing Office: Howard Hanna - Monroe
Is Frenchtown Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Frenchtown Township was a Seller's Market.
Key Takeaway
Frenchtown Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Frenchtown Township, MI
How much do homes in Frenchtown Township, MI cost?
Median Sold Price
$215,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,500(+0.7%)
Key Takeaway
Homes in Frenchtown Township have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Frenchtown Township was $215,000 in October 2024, up 0.7% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $83.2K | $105K | +26.1% |
| 2 Bedrooms | $159.9K | $152.8K | -4.4% |
| 3 Bedrooms | $211K | $209K | -0.9% |
| 4 Bedrooms | $325.7K | $310K | -4.8% |
| 5+ Bedrooms | $320K | $480K | +50.0% |
Summary: Frenchtown Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.1%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 50%.
Median Sold Price Compared To Nearby Cities
| Newport | $250K | $299.9K | +20.0% |
| Monroe | $200K | $209K | +4.5% |
| Monroe Charter Township | $200K | $209K | +4.5% |
| Frenchtown Township | $213.5K | $215K | +0.7% |
Housing Supply in Frenchtown Township, MI
How many homes are available in Frenchtown Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 74 | +2.8% |
Summary: The Frenchtown Township real estate market had 74 homes for sale in October 2024, a 2.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 15 | -11.8% |
| 3 Bedrooms | 40 | 43 | +7.5% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Frenchtown Township 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 decreased by 11.8%, 3 bedroom homes increased by 7.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 10 | -60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frenchtown Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Frenchtown Township in October 2024, down by 60.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for Frenchtown Township, MI
How long does it take to sell a home in Frenchtown Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 66 Days | 48 Days | -26.2% |
Summary: Homes in Frenchtown Township had an average of 48 days on market in Oct 2024, down by 26.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Frenchtown Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Frenchtown Township; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.