Is Blumfield Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$254,500
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Blumfield Township have sold for 23.6% more than they did a year ago.
Summary: The median home sold price in Blumfield Township was $254,500 in June 2024, up 23.6% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $148.5K | $74.9K | -49.6% |
| 3 Bedrooms | $181.8K | $250K | +37.5% |
| 4 Bedrooms | $259K | $280K | +8.1% |
| 5+ Bedrooms | $425K | $485K | +14.1% |
Summary: Blumfield Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 49.6%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 14.1%.
Housing Supply in Blumfield Township, MI
How many homes are available in Blumfield Township, MI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Summary: The Blumfield Township real estate market had 5 homes for sale in June 2024, a 44.4% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Blumfield Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blumfield Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Blumfield Township in June 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Blumfield Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During June 2024, 1 homes were sold in Blumfield Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
