Fenton MI Housing Market Update – February 2026
The Fenton MI housing market continued to favor sellers in February 2026, with strong pricing and limited housing inventory. With fewer than two months of supply available, the local market remains competitive for buyers while still presenting opportunities for homeowners considering selling.
Low Inventory Continues in the Fenton MI Housing Market
One of the most important indicators in the Fenton MI housing market is inventory. February showed just 1.97 months of housing supply, which firmly places Fenton in a seller’s market. A balanced market typically requires about five to six months of inventory, so current conditions still favor sellers.
There were 67 active single-family listings, with 28 new homes hitting the market during the month. While inventory has increased slightly compared to last month, demand continues to absorb available homes quickly.
Buyer Activity Remains Strong
Buyer activity remained steady throughout February. The market recorded 27 new pending listings, bringing the total number of pending homes to 32 by the end of the month.
This level of contract activity shows that buyers are still actively searching despite rising prices and limited inventory. Many buyers continue to act quickly when well-priced homes become available.
Home Prices Continue to Rise
Home values in the Fenton MI housing market saw noticeable growth in February.
Key price indicators include:
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Median sold price: $360,000 (up 10% month over month)
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Median list price for new listings: $403,949
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Median price per square foot: $252 for sold homes
Homes are also selling very close to their asking price, with properties closing at 97.1% of list price on average.
These numbers highlight continued buyer demand and strong pricing for sellers.
Days on Market and Sales Activity
In February, 20 homes sold, representing a significant increase in sales compared to the previous month.
Homes spent a median of 75 days on the market before selling. While that is slightly longer than in peak spring and summer markets, it still reflects steady buyer demand given current inventory levels.
What This Means for Buyers and Sellers
For home sellers, today’s conditions still provide a strong opportunity. Limited housing inventory and solid buyer demand are helping keep home values stable and competitive.
For buyers, preparation is key. Working with a knowledgeable local agent and being ready to move quickly can make a significant difference in securing the right home.
As we move toward the spring market, activity in the Fenton MI housing market will likely increase as more homes come onto the market and buyer demand continues to build. Interested in finding out what your home is worth? Start HERE.
Warm regards,
Joyce England, REALTOR®
Keller Williams First
📞 810-513-3335
📧 [email protected]
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