$2,018 Closing Credit*
$169,900
1,100 SqFt
3 Beds
•2 Full Baths
Drew Presto, Listing Office: Berkshire Hathaway Hudkins Realtors in 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 November 2023
Since last year, Frenchtown Township has remained a Seller's Market.
Key Takeaway
Frenchtown Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frenchtown Township, MI
How much do homes in Frenchtown Township, MI cost?
Median Sold Price
$209,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$10,950(-5.0%)
Key Takeaway
Homes in Frenchtown Township have sold for 5% less than they did a year ago.
Summary: The median home sold price in Frenchtown Township was $209,000 in November 2024, down 5% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $83.2K | $105K | +26.1% |
| 2 Bedrooms | $159.9K | $150K | -6.2% |
| 3 Bedrooms | $213.5K | $206.5K | -3.3% |
| 4 Bedrooms | $321.5K | $328.5K | +2.2% |
| 5+ Bedrooms | $320K | $480K | +50.0% |
Summary: Frenchtown Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.1%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 50%.
Median Sold Price Compared To Nearby Cities
| Newport | $251.5K | $297.4K | +18.3% |
| Monroe | $200K | $205K | +2.5% |
| Monroe Charter Township | $200K | $205K | +2.5% |
| Frenchtown Township | $219.9K | $209K | -5.0% |
Housing Supply in Frenchtown Township, MI
How many homes are available in Frenchtown Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 73 | 82 | +12.3% |
Summary: The Frenchtown Township real estate market had 82 homes for sale in November 2024, a 12.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 42 | 45 | +7.1% |
| 4 Bedrooms | 15 | 22 | +46.7% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Frenchtown Township housing inventory by bedroom type for November 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 7.1%, 4 bedroom homes increased by 46.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 22 | +100.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frenchtown Township, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Frenchtown Township in November 2024, up by 100.0% month-over-month. Of the 22 sold homes, 55% were sold under asking, 5% were sold at asking, and 41% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 42 Days | +62.7% |
Summary: Homes in Frenchtown Township had an average of 42 days on market in Nov 2024, up by 62.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Frenchtown Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in Frenchtown Township; 55% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
