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

Housing Market Conditions



Gauge showing Garfield Charter Township is a seller's market


Difference Since February 2022

Since last year, 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.

How much do homes in Garfield Charter Township, MI cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2022


Key Takeaway

Homes in Garfield Charter Township have sold for 5.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $256K$263K
2 $270K$290K
3 $300K$367.5K
4 $373.5K$450K
5+ $493K$562.5K

Median Sold Price Compared To Nearby Cities

Elmwood Charter Township
East Bay Township
Traverse City
Long Lake Township
Garfield Charter Township

How many homes are available in Garfield Charter Township, MI?

Number of Homes For Sale

Jan 2023Feb 2023%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 54
2 810
3 2219
4 1110
5+ 86

Number of Homes Sold

Jan 2023Feb 2023%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Garfield Charter Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Average Sale Time

Feb 2022Feb 2023%
104 Days54 Days-48.2%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Garfield Charter 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 Garfield Charter Township, MI

Garfield Charter Township, MI has 49 homes for sale to choose from. In February 2023 in Garfield Charter Township, MI there were 9.3% less homes for sale than in January 2023. In February 2023, listings were on the market for 54 days. During the same period, the median list price in this real estate market was $350,000. Listing prices have changed in this real estate market between January 2023 and February 2023: the cost of 1 bedroom properties went up by 2.7%, prices of 2 bedrooms properties increased by 7.4%, 3 bedrooms properties became 22.5% more expensive, the cost of 4 bedrooms properties went up by 20.5%, 5 bedrooms properties became 14.1% more expensive. This housing market inventory have changed: 1 bedroom homes became 20% less available, volume of 2 bedrooms homes went up by 25%, 3 bedrooms homes became 13.6% less available, 4 bedrooms homes became 9.1% less available, the quantity of 5 bedrooms homes went down by 25%. Garfield Charter Township, MI housing market in February 2023 saw over 3 listings sold above listed price, more than 3 sold at listed price and over 3 sold below.

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