Is Frost Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Frost Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Frost Township was a Buyer's Market.

Key Takeaway

Frost Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Frost Township, MI

How much do homes in Frost Township, MI cost?

Median Sold Price

$55,000

$50/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$91,000(-62.3%)

Key Takeaway

Homes in Frost Township have sold for 62.3% less than they did a month ago.

Summary: The median home sold price in Frost Township was $55,000 in October 2024, down 62.3% from last month, and the median price per square foot was $50.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$55K
N/A
3 $232K$16K
-93.1%
4 $60K-
N/A
5+ --
N/A

Summary: Frost 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 did not change, 3 bedroom homes decreased by 93.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Franklin Township
+18.4%
Frost Township
-62.3%

Housing Supply in Frost Township, MI

How many homes are available in Frost Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1518+20.0%

Summary: The Frost Township real estate market had 18 homes for sale in October 2024, a 20.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 46
+50.0%
3 910
+11.1%
4 10
-100.0%
5+ 01
+100.0%

Summary: The Frost 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 increased by 50%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Frost Township, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Frost Township in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.

Days on Market for Frost Township, MI

How long does it take to sell a home in Frost Township, MI?

Average Sale Time

Sep 2024Oct 2024CHANGE
7 Days73 Days+953.6%

Summary: Homes in Frost Township had an average of 73 days on market in Oct 2024, up by 953.6% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Frost Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in Frost Township; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in Frost Township, MI

Nearby Markets to Frost Township, MI

What housing markets are near Frost Township, MI?