Is Blissfield Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blissfield Township is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Blissfield Township was a Seller's Market.

Key Takeaway

Blissfield Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Blissfield Township, MI

How much do homes in Blissfield Township, MI cost?

Median Sold Price

$192,500

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$10,050(+5.5%)

Key Takeaway

Homes in Blissfield Township have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in Blissfield Township was $192,500 in February 2024, up 5.5% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$75K
N/A
2 $116.2K$153K
+31.7%
3 $199.9K$212K
+6.1%
4 $213.5K$196K
-8.2%
5+ $220K$198.6K
-9.7%

Summary: Blissfield Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 31.7%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes decreased by 9.7%.

Housing Supply in Blissfield Township, MI

How many homes are available in Blissfield Township, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1114+27.3%

Summary: The Blissfield Township real estate market had 14 homes for sale in February 2024, a 27.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 01
+100.0%
3 78
+14.3%
4 33
0.0%
5+ 11
0.0%

Summary: The Blissfield Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Blissfield Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Blissfield Township in February 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Blissfield Township, MI

How long does it take to sell a home in Blissfield Township, MI?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Blissfield Township has remained consistent over time.

Summary: During February 2024, 2 homes were sold in Blissfield Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Blissfield Township, MI

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What housing markets are near Blissfield Township, MI?