Farwell Real Estate
21 active listings · 45 sold in the past 12mo
$269,900
Median List Price
45
Sold (past 12mo)
83
Avg Days on Market
-1.5%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Active Listings
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Homes for Sale(21)
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For Sale
1/48
$7,700,000
100 W Adams Road, Farwell, MI 48622
6 bd4 ba4,996 sqft645 ac
Single Family
For Sale
1/38
$499,000
7841 Peninsular Drive, Farwell, MI 48622
3 bd2 ba0.46 ac
Single Family
For Sale
1/46
$457,000
4611 Teaberry Lane, Farwell, MI 48622
4 bd3 ba1.50 ac
Single Family
Under Contract
1/46
$372,900
3301 W Huckleberry Trail, Farwell, MI 48622
2 bd2 ba1,506 sqft0.17 ac
Single Family
For Sale
1/23
$365,000
5490 Oak, Farwell, MI 48622
3 bd2 ba2.68 ac
Single Family
Under Contract
1/93
$330,000
2795 Spruce Hill Drive, Farwell, MI 48622
5 bd2 ba2.20 ac
Single Family
For Sale
1/23
$315,000
152 Hilda Drive, Farwell, MI 48622
3 bd1 ba0.34 ac
Single Family
For Sale
1/24
$315,000
152 Hilda Drive, Farwell, MI 48622
3 bd1 ba0.34 ac
Single Family
For Sale
1/36
$299,999
7731 White Birch Drive, Farwell, MI 48622
2 bd1 ba1,056 sqft0.23 ac
Single Family
For Sale
1/52
$274,900
9280 Birch Isle Road, Farwell, MI 48622
3 bd1 ba0.14 ac
Single Family
For Sale
1/17
$269,900
00 Sockeye Drive, Farwell, MI 48622
3 bd1 ba0.18 ac
Single Family
For Sale
1/29
$255,000
3431 Maradee Court, Farwell, MI 48622
3 bd1 ba0.65 ac
Single Family
For Sale
1/41
$240,000
8810 N Vandecar Road, Farwell, MI 48622
3 bd2 ba2 ac
Single Family
Under Contract
1/50
$205,000
8733 Arbutus, Farwell, MI 48622
3 bd2 ba0.31 ac
Single Family
For Sale
1/18
$194,900
3119 W Maple Grove Road, Farwell, MI 48622
3 bd1 ba1,300 sqft2.24 ac
Single Family
For Sale
1/32
$130,000
382 S Scott Drive, Farwell, MI 48622
2 bd1 ba0.63 ac
Single Family
For Sale
1/23
$125,000
2245 Edgewood, Farwell, MI 48622
2 bd1 ba1 ac
Mfg Home
For Sale
1/22
$119,900
402 S Scott Drive, Farwell, MI 48622
2 bd1 ba0.20 ac
Single Family
For Sale
1/20
$109,800
412 N Scott Drive, Farwell, MI 48622
1 bd1 ba0.21 ac
Single Family
For Sale
1/14
$99,900
316 Floyd Street, Farwell, MI 48622
4 bd2 ba1,560 sqft1.37 ac
Mfg Home
For Sale
1/26
$82,999
203 Fairview Boulevard, Farwell, MI 48622
3 bd2 ba0.61 ac
Mfg Home
Recently Sold(45)
Frequently Asked Questions about Farwell
What is the current real estate inventory in Farwell?
There are currently 21 active listings in Farwell. The median asking price is $269,900.
What is the median home price in Farwell?
Based on 45 sales in the past year, homes in Farwell have a median price of $269,900.
How fast do homes sell in Farwell?
Over the past year, homes in Farwell spent an average of 83 days on market before selling.
What school districts serve Farwell?
Multiple school districts may serve Farwell. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
Is Farwell a buyer's or seller's market?
Farwell is currently a balanced market, with 5.6 months of supply. That ratio comes from 21 active listings relative to 45 sales per year.
How much are property taxes in Farwell?
Property taxes in Farwell are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
Is housing demand growing in Farwell?
Based on Census Bureau ACS data, the Household Formation Gap in Farwell is -1.5%, indicating stable demographic housing demand. Household size moved from 2.53 to 2.83. HFG is a secondary market indicator reflecting household formation, not a primary market measure.