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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Garfield Charter Township is a seller's market

Buyer'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

$350,000

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2022

+$17,500(+5.3%)

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
+2.7%
2 $270K$290K
+7.4%
3 $300K$367.5K
+22.5%
4 $373.5K$450K
+20.5%
5+ $493K$562.5K
+14.1%

Median Sold Price Compared To Nearby Cities

Elmwood Charter Township
+44.8%
East Bay Township
+27.0%
Traverse City
+19.3%
Long Lake Township
+17.3%
Garfield Charter Township
+5.3%

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

Number of Homes For Sale

Jan 2023Feb 2023%
5449-9.3%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 54
-20.0%
2 810
+25.0%
3 2219
-13.6%
4 1110
-9.1%
5+ 86
-25.0%

Number of Homes Sold

Jan 2023Feb 2023%
1310-23.1%

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.

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2088 Chelsea Ln, Traverse City, MI 49685

$350,000

2

2

1,265 SqFt

2088 Chelsea Ln, Traverse City MI, 49685

Patrick Lund

Listing Office:

Key Realty One-TC

#1909297

MLS logo
5835 Dover Ln, Traverse City, MI 49685

$400,000

3

2 Full, 1 Partial

1,815 SqFt

5835 Dover Ln, Traverse City MI, 49685

Michael Harrison

Listing Office:

Century 21 Northland

#1909275

MLS logo
3350 Wysong Rd, Traverse City, MI 49684

$399,000

Land

1.84 Acres

3350 Wysong Rd, Traverse City MI, 49684

Alex MacKenzie

Listing Office:

Coldwell Banker Schmidt-522

#1909267

MLS logo
610 W Tenth St, Traverse City, MI 49684

$429,700

2

2

1,861 SqFt

610 W Tenth St, Traverse City MI, 49684

Kurt Hubschneider

Listing Office:

Coldwell Banker Schmidt-522

#1909251

MLS logo
3921 W S Airport Rd, Traverse City, MI 49684

$425,000

2

1 Full, 1 Partial

1,280 SqFt

3921 W S Airport Rd, Traverse City MI, 49684

Dean Templeton

Listing Office:

Coldwell Banker Schmidt-402

#1909178

MLS logo
630-109 S Garfield Ave Unit 109, Traverse City, MI 49686

$265,000

1

1

604 SqFt

630-109 S Garfield Ave Unit 109, Traverse City MI, 49686

Blake Bernard

Listing Office:

Homewaters, LLC

#1909174

MLS logo
2127 Hammond Pl W Unit 30, Traverse City, MI 49686

$349,900

3

1

1,296 SqFt

2127 Hammond Pl W Unit 30, Traverse City MI, 49686

Mary Rollert

Listing Office:

Century 21 Northland

#1909169

MLS logo
4496 Lone Oak Dr, Traverse City, MI 49685

$50,500

Land

0.24 Acres

4496 Lone Oak Dr, Traverse City MI, 49685

Erica, Mohr

Listing Office:

REO-TCRandolph-233022

#1908967

MLS logo
5415 Lone Beech Dr, Traverse City, MI 49685

$52,000

Land

0.29 Acres

5415 Lone Beech Dr, Traverse City MI, 49685

Erica, Mohr

Listing Office:

REO-TCRandolph-233022

#1908966

MLS logo
1298 Terra Rd, Traverse City, MI 49686

$349,000

2

2

1,396 SqFt

1298 Terra Rd, Traverse City MI, 49686

Kathy Haynes

Listing Office:

Keller Williams Northern Michigan

#1908871

MLS logo
0000 N Garfield Woods Dr, Traverse City, MI 49686

$2,520,000

Land

8.04 Acres

0000 N Garfield Woods Dr, Traverse City MI, 49686

Blake, Bernard

Listing Office:

Homewaters, LLC

#1908836

MLS logo
5840 Joanne Ct, Traverse City, MI 49685

$385,000

3

1 Full, 1 Partial

1,740 SqFt

5840 Joanne Ct, Traverse City MI, 49685

Sander Scott

Listing Office:

Key Realty One-TC

#1908733

MLS logo

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.

MLS Disclaimers and Copyright

Based on information from Northern Great Lakes Realtors MLS for the period 03/01/2021 - 03/01/2023

Copyright © 2023 Northern Great Lakes REALTORS® MLS™ All Rights Reserved. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/24/2023, 5:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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