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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Deerfield Township is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Deerfield Township was a Seller's Market.

Key Takeaway

Deerfield Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Deerfield Township, MI

How much do homes in Deerfield Township, MI cost?

Median Sold Price

$229,000

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$15,500(-6.3%)

Key Takeaway

Homes in Deerfield Township have sold for 6.3% less than they did a year ago.

Summary: The median home sold price in Deerfield Township was $229,000 in February 2024, down 6.3% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$376.4K
N/A
2 $200K$152K
-24.0%
3 $244.5K$235K
-3.9%
4 $282.5K$230K
-18.6%
5+ $388.4K$485K
+24.9%

Summary: Deerfield Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes increased by 24.9%.

Median Sold Price Compared To Nearby Cities

North Branch Township
+17.4%
Burlington Township
+10.2%
Deerfield Township
-6.3%

Housing Supply in Deerfield Township, MI

How many homes are available in Deerfield Township, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2023+15.0%

Summary: The Deerfield Township real estate market had 23 homes for sale in February 2024, a 15.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 1214
+16.7%
4 44
0.0%
5+ 00
0.0%

Summary: The Deerfield Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Deerfield Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Deerfield Township in February 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Deerfield Township, MI

How long does it take to sell a home in Deerfield 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 Deerfield Township are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 2 homes were sold in Deerfield 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 27 Days Ago

Newest Listings in Deerfield Township, MI

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