Is Chesterfield Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Chesterfield Township has remained a Seller's Market.
Housing Prices in Chesterfield Township, MI
How much do homes in Chesterfield Township, MI cost?
Median Sold Price
$315,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Chesterfield Township was $315,000 in April 2024, up 6.2% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $67K | N/A |
2 Bedrooms | $210K | $219K | +4.3% |
3 Bedrooms | $303K | $350K | +15.5% |
4 Bedrooms | $417.5K | $415K | -0.6% |
5+ Bedrooms | $410K | $325K | -20.7% |
Summary: Chesterfield Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 15.5%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 20.7%.
Median Sold Price Compared To Nearby Cities
Chesterfield Township | $296.5K | $315K | +6.2% |
Lenox Township | $273.5K | $289.5K | +5.9% |
New Baltimore | $367K | $386.5K | +5.3% |
New Haven | $272.5K | $285.5K | +4.8% |
Ira Township | $277.5K | $269.9K | -2.7% |
Housing Supply in Chesterfield Township, MI
How many homes are available in Chesterfield Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
86 | 110 | +27.9% |
Summary: The Chesterfield Township real estate market had 110 homes for sale in April 2024, a 27.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 25 | 33 | +32.0% |
3 Bedrooms | 40 | 49 | +22.5% |
4 Bedrooms | 19 | 27 | +42.1% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Chesterfield Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 32%, 3 bedroom homes increased by 22.5%, 4 bedroom homes increased by 42.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 34 | +61.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Chesterfield Township in April 2024, up by 61.9% month-over-month. Of the 34 sold homes, 29% were sold under asking, 12% were sold at asking, and 59% were sold over asking.
Days on Market for Chesterfield Township, MI
How long does it take to sell a home in Chesterfield Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
80 Days | 32 Days | -59.7% |
Summary: Homes in Chesterfield Township had an average of 32 days on market in Apr 2024, down by 59.7% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 34 homes were sold in Chesterfield Township; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.