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Featured local agent — Lake Fenton, MI
Sarah Mitchell
Compass Real Estate · Lake Fenton, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Fenton, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$499,900median sale price
How is the Lake Fenton, MI housing market right now?
The median home sale price in Lake Fenton, MI is $499,900, down 9.5% year-over-year. Homes sell in an average of 18 days with 29 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lake Fenton a buyer's or seller's market?
Lake Fenton, MI is currently a seller's market, based on 2.6 months of supply and homes selling in about 18 days. How we determine this →
Homes sold
11
Last 12 weeks
Days on market
18
Fast-moving
Active listings
29
2.6 months supply
Sale-to-list
96.3%
Below asking
What does the Lake Fenton housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $499,900 |
| Median list price | $518,000 |
| Year-over-year price change | -9.5% |
| Average days on market | 18 days |
| Active inventory | 29 listings |
| Months of supply | 2.6 months |
| Sale-to-list price ratio | 96.3% |
| Median price per sq ft | $215/sq ft |
| Homes sold (latest month) | 11 |
| New listings (latest month) | 23 |
| Listings with a price cut | 41.4% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Fenton by property type?
How the Lake Fenton, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $499,950 | $232/sq ft | 10 | 19 days |
| Condo / Co-op | $319,000 | $204/sq ft | 1 | 5 days |
Source: Redfin · Updated monthly
The Lake Fenton housing market is currently classified as a seller's market with a median sale price of $499,900. Prices have fallen 9.5% compared to last year, with homes spending an average of 18 days on market, indicating 2.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Lake Fenton
There are currently 29 homes listed for sale in Lake Fenton, Michigan. The median listing price is $518K.
Active listings
29
Homes on market
Median list price
$518K
Avg. days on market
18
Days until sale
New this week
23
Newly listed
Who lives in Lake Fenton?
Population
6,168
Median income
$112,676/yr
Median age
51.1 years
Owner-occupied
89.4%
College grads
48.2%
Avg commute
25.1 min
Source: U.S. Census Bureau ACS
What is it like to live in Lake Fenton?
Lake Fenton is a community of approximately 6K residents with a median age of 51.1 years.The median household income is $112,676, which reflects a relatively affluent area with strong earning potential. 48.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 89.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lake Fenton offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lake Fenton, MI?
Want a head-to-head view? Compare Lake Fenton side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lake Fenton?
The median home sale price in Lake Fenton is $499,900, down 9.5% from last year.
How long do homes stay on market in Lake Fenton?
Homes typically spend 18 days on market before going under contract.
What is the median income in Lake Fenton?
The median household income is $112,676 per year.
Is Lake Fenton a buyer's or seller's market?
With 2.6 months of supply, Lake Fenton is currently a seller's market.
What is the median condo price in Lake Fenton?
The median condo/co-op sale price in Lake Fenton, MI is $319,000, compared to $499,950 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lake Fenton?
The median single-family home price in Lake Fenton, MI is $499,950 (about $232 per square foot).
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