Is Joyfield 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, Joyfield Township has remained a Seller's Market.
Key Takeaway
Joyfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Joyfield Township, MI
How much do homes in Joyfield Township, MI cost?
Median Sold Price
$185,000
$168/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Joyfield Township have sold for 25.7% less than they did a month ago.
Summary: The median home sold price in Joyfield Township was $185,000 in March 2024, down 25.7% from last month, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $249K | $185K | -25.7% |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Joyfield Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25.7%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Weldon Township | $286.7K | $725K | +152.9% |
| Joyfield Township | $249K | $185K | -25.7% |
| Benzonia Township | $249K | $185K | -25.7% |
Housing Supply in Joyfield Township, MI
How many homes are available in Joyfield Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Summary: The Joyfield Township real estate market had 2 homes for sale in March 2024, a 33.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Joyfield Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Joyfield Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Joyfield Township in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Joyfield Township, MI
How long does it take to sell a home in Joyfield Township, MI?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 Days | 36 Days | -23.4% |
Summary: Homes in Joyfield Township had an average of 36 days on market in Mar 2024, down by 23.4% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Joyfield Township has remained consistent over time.
Summary: During March 2024, 2 homes were sold in Joyfield Township; 0% 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.
