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 March 2023

Since last year, Blumfield Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Blumfield Township, MI

How much do homes in Blumfield Township, MI cost?

Median Sold Price

$250,000

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$66,600(+36.3%)

Key Takeaway

Homes in Blumfield Township have sold for 36.3% more than they did a year ago.

Summary: The median home sold price in Blumfield Township was $250,000 in March 2024, up 36.3% from last year, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $148.5K-
N/A
3 $205.9K$202K
-1.9%
4 $324.5K$280K
-13.7%
5+ $185K$425K
+129.7%

Summary: Blumfield Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 13.7%, and 5+ bedroom homes increased by 129.7%.

Housing Supply in Blumfield Township, MI

How many homes are available in Blumfield Township, MI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
440.0%

Summary: The Blumfield Township real estate market had 4 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 32
-33.3%
4 11
0.0%
5+ 01
+100.0%

Summary: The Blumfield Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
12+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.

Summary: A total of 2 homes were sold or pending in Blumfield Township in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Blumfield Township, MI

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

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.

Summary: During March 2024, 2 homes were sold in Blumfield Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 24 Days Ago

Newest Listings in Blumfield Township, MI

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