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

Since last month, Frost Township has remained a Seller'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

$155,000

$136/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$100,000(+181.8%)

Key Takeaway

Homes in Frost Township have sold for 181.8% more than they did a month ago.

Summary: The median home sold price in Frost Township was $155,000 in November 2024, up 181.8% from last month, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $55K-
N/A
3 $16K$155K
+868.8%
4 --
N/A
5+ --
N/A

Summary: Frost Township housing prices by bedroom type for November 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 increased by 868.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Frost Township
+181.8%
Franklin Township
+39.4%

Housing Supply in Frost Township, MI

How many homes are available in Frost Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1512-20.0%

Summary: The Frost Township real estate market had 12 homes for sale in November 2024, a 20.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 43
-25.0%
3 107
-30.0%
4 00
0.0%
5+ 01
+100.0%

Summary: The Frost 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 decreased by 25%, 3 bedroom homes decreased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Frost Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Frost Township in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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

Oct 2024Nov 2024CHANGE
66 Days83 Days+25.3%

Summary: Homes in Frost Township had an average of 83 days on market in Nov 2024, up by 25.3% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Frost Township has remained consistent over time.

Summary: During November 2024, 3 homes were sold in Frost Township; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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 25 Days Ago

Newest Listings in Frost Township, MI

Nearby Markets to Frost Township, MI

What housing markets are near Frost Township, MI?