$2,458 Closing Credit*
$207,000
1,893 SqFt
2 Beds
•1 Full Bath, 2 Partial
Charlene M Foster, Listing Office: Real Estate Management Specialists Inc
Is Redford, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Redford has remained a Seller's Market.
Key Takeaway
Redford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Redford, MI
How much do homes in Redford, MI cost?
Median Sold Price
$170,642
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$16,739(+10.9%)
Key Takeaway
Homes in Redford have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Redford was $170,642 in September 2024, up 10.9% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $52.5K | $58K | +10.5% |
| 2 Bedrooms | $107K | $126.7K | +18.5% |
| 3 Bedrooms | $156.3K | $175K | +11.9% |
| 4 Bedrooms | $199.9K | $195.6K | -2.2% |
| 5+ Bedrooms | $188K | $255K | +35.6% |
Summary: Redford housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 11.9%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 35.6%.
Median Sold Price Compared To Nearby Cities
| Dearborn Heights | $180K | $205K | +13.9% |
| Redford Charter Township | $153.4K | $170.3K | +11.0% |
| Redford | $153.9K | $170.6K | +10.9% |
| Livonia | $275K | $299.6K | +8.9% |
| Southfield | $215K | $226K | +5.1% |
Housing Supply in Redford, MI
How many homes are available in Redford, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 215 | 213 | -0.9% |
Summary: The Redford real estate market had 213 homes for sale in September 2024, a 0.9% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 23 | 25 | +8.7% |
| 3 Bedrooms | 175 | 170 | -2.9% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Redford housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.7%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 59 | 58 | -1.7% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Redford, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 58 homes were sold or pending in Redford in September 2024, down by 1.7% month-over-month. Of the 58 sold homes, 34% were sold under asking, 16% were sold at asking, and 50% were sold over asking.
Days on Market for Redford, MI
How long does it take to sell a home in Redford, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 19 Days | 19 Days | -3.7% |
Summary: Homes in Redford had an average of 19 days on market in Sep 2024, down by 3.7% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Redford are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 58 homes were sold in Redford; 78% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.