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 seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Deerfield Township, MI

How much do homes in Deerfield Township, MI cost?

Median Sold Price

$272,500

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$57,500(-17.4%)

Key Takeaway

Homes in Deerfield Township have sold for 17.4% less than they did a year ago.

Summary: The median home sold price in Deerfield Township was $272,500 in February 2024, down 17.4% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $162K$475.5K
+193.5%
2 $229.5K$135K
-41.2%
3 $302.5K$252.4K
-16.5%
4 $484.5K$435K
-10.2%
5+ $505.1K$484K
-4.2%

Summary: Deerfield Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 193.5%, 2 bedroom homes decreased by 41.2%, 3 bedroom homes decreased by 16.5%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes decreased by 4.2%.

Median Sold Price Compared To Nearby Cities

Fenton
+12.1%
Oceola Township
+4.5%
Tyrone Township
+2.9%
Argentine Township
+0.6%
Deerfield Township
-17.4%

Housing Supply in Deerfield Township, MI

How many homes are available in Deerfield Township, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
109-10.0%

Summary: The Deerfield Township real estate market had 9 homes for sale in February 2024, a 10.0% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 44
0.0%
4 33
0.0%
5+ 21
-50.0%

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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Jan 2024Feb 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 Deerfield 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 Deerfield Township in February 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 Deerfield Township, MI

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

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was 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; 50% of homes were sold within 30 days, 50% 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 28 Days Ago

Newest Listings in Deerfield Township, MI

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