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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blumfield Township is a seller's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Blumfield Township was a Neutral Market.

Key Takeaway

Blumfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Blumfield Township, MI cost?

Median Sold Price

$173,000

$123/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

-$80,000(-31.6%)

Key Takeaway

Homes in Blumfield Township have sold for 31.6% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $150K$130K
-13.3%
3 $261.4K$185K
-29.2%
4 $425K$150K
-64.7%
5+ $219.9K$185K
-15.9%

Median Sold Price Compared To Nearby Cities

Denmark Township
+23.2%
Blumfield Township
-31.6%

How many homes are available in Blumfield Township, MI?

Number of Homes For Sale

Sep 2022Oct 2022%
330.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 11
0.0%
5+ 00
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
02+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Blumfield Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Average Sale Time

Oct 2021Oct 2022%
18 Days3 Days-80.6%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Blumfield Township are selling fast, if you're buying plan to act quickly.

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

About Blumfield Township, MI

Blumfield Township, MI has 3 homes on the market. In October 2022 median list price was $173,000 and the average listing age was 3 days. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went down by 13.3%, 3 bedrooms properties became 29.2% more cheaper, 4 bedrooms properties prices decreased by 64.7%, 5 bedrooms properties became 15.9% more cheaper. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, number of 2 bedrooms homes remained the same, number of 3 bedrooms homes remained the same, number of 4 bedrooms homes remained the same, number of 5 bedrooms homes remained the same. While more than 1 listings in Blumfield Township, MI in October 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 0 were sold below.