Is Winfield 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, Winfield Township has remained a Seller's Market.
Housing Prices in Winfield Township, MI
How much do homes in Winfield Township, MI cost?
Median Sold Price
$238,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Winfield Township was $238,000 in May 2024, down 1.7% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $479.9K | $284K | -40.8% |
3 Bedrooms | $222.2K | $229K | +3.0% |
4 Bedrooms | $272.5K | $329.9K | +21.1% |
5+ Bedrooms | $296K | $254.9K | -13.9% |
Summary: Winfield 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 decreased by 40.8%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes decreased by 13.9%.
Median Sold Price Compared To Nearby Cities
Deerfield Township | $185K | $183K | -1.1% |
Winfield Township | $242K | $238K | -1.7% |
Cato Township | $199.9K | $180K | -10.0% |
Housing Supply in Winfield Township, MI
How many homes are available in Winfield Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 9 | +28.6% |
Summary: The Winfield Township real estate market had 9 homes for sale in May 2024, a 28.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 4 | 6 | +50.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Winfield 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Winfield Township in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Winfield Township, MI
How long does it take to sell a home in Winfield Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
6 Days | 24 Days | +305.6% |
Summary: Homes in Winfield Township had an average of 24 days on market in May 2024, up by 305.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Winfield Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.