Is Newfield Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Newfield Township was a Buyer's Market.
Housing Prices in Newfield Township, MI
How much do homes in Newfield Township, MI cost?
Median Sold Price
$210,000
$182/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Newfield Township was $210,000 in April 2024, down 22.2% from last month, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $210K | N/A |
2 Bedrooms | $315K | - | N/A |
3 Bedrooms | - | $233.6K | N/A |
4 Bedrooms | $224.5K | $210K | -6.5% |
5+ Bedrooms | - | - | N/A |
Summary: Newfield Township housing prices by bedroom type for April 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 did not change, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Newfield Township | $269.7K | $210K | -22.2% |
Denver Township | $812K | $317.4K | -60.9% |
Housing Supply in Newfield Township, MI
How many homes are available in Newfield Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 17 | +13.3% |
Summary: The Newfield Township real estate market had 17 homes for sale in April 2024, a 13.3% 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 | 3 | 0.0% |
3 Bedrooms | 7 | 10 | +42.9% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Newfield 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 remained the same, 3 bedroom homes increased by 42.9%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Newfield Township in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Newfield Township, MI
How long does it take to sell a home in Newfield Township, MI?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
60 Days | 19 Days | -67.5% |
Summary: Homes in Newfield Township had an average of 19 days on market in Apr 2024, down by 67.5% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Newfield Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.