Is Deerfield Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$219,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Deerfield Township was $219,000 in May 2024, up 7.4% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $588K | N/A |
2 Bedrooms | $130K | $149.9K | +15.3% |
3 Bedrooms | $190K | $222.7K | +17.2% |
4 Bedrooms | $230.5K | $225K | -2.4% |
5+ Bedrooms | $350K | $370K | +5.7% |
Summary: Deerfield Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 17.2%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
Lincoln Township | $141K | $195K | +38.3% |
Weidman | $145K | $174K | +20.0% |
Deerfield Township | $204K | $219K | +7.4% |
Union Charter Township | $315K | $227K | -27.9% |
Housing Supply in Deerfield Township, MI
How many homes are available in Deerfield Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 20 | +5.3% |
Summary: The Deerfield Township real estate market had 20 homes for sale in May 2024, a 5.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Deerfield Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
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 Deerfield Township in May 2024, the same as the previous 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 Deerfield Township, MI
How long does it take to sell a home in Deerfield Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 25 Days | -19.8% |
Summary: Homes in Deerfield Township had an average of 25 days on market in May 2024, down by 19.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Deerfield Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.