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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chesterfield Township is a seller's market

Buyer's
Market

Difference Since April 2021

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

Key Takeaway

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

How much do homes in Chesterfield Township, MI cost?

Median Sold Price

$286,666

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$41,666(+17.0%)

Key Takeaway

Homes in Chesterfield Township have sold for 17% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $106K-
N/A
2 $175K$185.7K
+6.1%
3 $250K$295K
+18.0%
4 $335.9K$362.9K
+8.0%
5+ $480K$424.9K
-11.5%

Median Sold Price Compared To Nearby Cities

Chesterfield Township
+17.0%
New Baltimore
+11.3%

How many homes are available in Chesterfield Township, MI?

Number of Homes For Sale

Mar 2022Apr 2022%
101127+25.7%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 2838
+35.7%
3 5671
+26.8%
4 1718
+5.9%
5+ 00
0.0%

Number of Homes Sold

Mar 2022Apr 2022%
3441+20.6%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

26 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chesterfield Township, you could pay more than the asking price. 63.4% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
13 Days25 Days+91.8%

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chesterfield 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 Chesterfield Township, MI

Chesterfield Township, MI has 127 homes on the market. Between March 2022 and April 2022, Chesterfield Township, MI real estate market has seen increase in the number of listings by 25.7%. While the average time on the market in April 2022 was 25 days, the median list price was $286,666. This housing market listing prices have changed between March 2022 and April 2022: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 6.1%, prices of 3 bedrooms properties increased by 18%, 4 bedrooms properties prices increased by 8%, prices of 5 bedrooms properties decreased by 11.5%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 35.7% more available, number of 3 bedrooms homes increased by 26.8%, 4 bedrooms homes inventory increased by 5.9%, 5 bedrooms homes did not move. Chesterfield Township, MI housing market in April 2022 saw over 26 listings sold above listed price, more than 6 sold at listed price and over 9 sold below.

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