Is Deerfield Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Deerfield Township has remained a Seller's Market.
Housing Prices in Deerfield Township, MI
How much do homes in Deerfield Township, MI cost?
Median Sold Price
$242,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Deerfield Township was $242,000 in April 2024, up 2.1% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $164.9K | $588K | +256.6% |
2 Bedrooms | $162.9K | $165K | +1.3% |
3 Bedrooms | $255K | $238.9K | -6.3% |
4 Bedrooms | $230K | $267.5K | +16.3% |
5+ Bedrooms | $465K | $470K | +1.1% |
Summary: Deerfield Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 256.6%, 2 bedroom homes increased by 1.3%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
Burlington Township | $179.9K | $204.9K | +13.9% |
Fostoria | $202.3K | $224K | +10.7% |
North Branch Township | $224.9K | $244K | +8.5% |
Deerfield Township | $237K | $242K | +2.1% |
Housing Supply in Deerfield Township, MI
How many homes are available in Deerfield Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 29 | +26.1% |
Summary: The Deerfield Township real estate market had 29 homes for sale in April 2024, a 26.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 16 | 19 | +18.8% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Deerfield Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 10 | +100.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Deerfield Township in April 2024, up by 100.0% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for Deerfield Township, MI
How long does it take to sell a home in Deerfield Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
7 Days | 137 Days | +1864.3% |
Summary: Homes in Deerfield Township had an average of 137 days on market in Apr 2024, up by 1864.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Deerfield Township; 50% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.