Is Garfield Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Garfield Charter Township has remained a Seller's Market.
Key Takeaway
Garfield Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Garfield Charter Township, MI
How much do homes in Garfield Charter Township, MI cost?
Median Sold Price
$415,000
$271/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Garfield Charter Township have sold for 20.5% more than they did a month ago.
Summary: The median home sold price in Garfield Charter Township was $415,000 in April 2024, up 20.5% from last month, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $344K | $335.5K | -2.5% |
| 3 Bedrooms | $303K | $448K | +47.9% |
| 4 Bedrooms | $497K | $510K | +2.6% |
| 5+ Bedrooms | $615K | $475.5K | -22.7% |
Summary: Garfield Charter Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 47.9%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 22.7%.
Median Sold Price Compared To Nearby Cities
| East Bay Township | $295.5K | $388.7K | +31.6% |
| Garfield Charter Township | $344.5K | $415K | +20.5% |
| Long Lake Township | $369.6K | $412.5K | +11.6% |
| Elmwood Charter Township | $486.5K | $405K | -16.8% |
Housing Supply in Garfield Charter Township, MI
How many homes are available in Garfield Charter Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 65 | 73 | +12.3% |
Summary: The Garfield Charter Township real estate market had 73 homes for sale in April 2024, a 12.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 26 | 33 | +26.9% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Garfield Charter 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 6.3%, 3 bedroom homes increased by 26.9%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Garfield Charter Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Garfield Charter Township in April 2024, up by 14.3% month-over-month. Of the 15 sold homes, 67% were sold under asking, 20% were sold at asking, and 13% were sold over asking.
Days on Market for Garfield Charter Township, MI
How long does it take to sell a home in Garfield Charter Township, MI?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 68 Days | 65 Days | -5.1% |
Summary: Homes in Garfield Charter Township had an average of 65 days on market in Apr 2024, down by 5.1% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Garfield Charter Township has remained consistent over time.
Summary: During April 2024, 16 homes were sold in Garfield Charter Township; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.