Is Deerfield Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Deerfield Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162K | $475.5K | +193.5% |
2 Bedrooms | $229.5K | $135K | -41.2% |
3 Bedrooms | $302.5K | $252.4K | -16.5% |
4 Bedrooms | $484.5K | $435K | -10.2% |
5+ Bedrooms | $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 | $306.9K | $344K | +12.1% |
Oceola Township | $375K | $392K | +4.5% |
Tyrone Township | $403.5K | $415K | +2.9% |
Argentine Township | $357K | $359K | +0.6% |
Deerfield Township | $330K | $272.5K | -17.4% |
Housing Supply in Deerfield Township, MI
How many homes are available in Deerfield Township, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
10 | 9 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 2 | 1 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
1 | 2 | +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
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
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.