Is Southfield Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2021
Since last year, Southfield Township has remained a Seller's Market.
How much do homes in Southfield Township, MI cost?
Median Sold Price
$475,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2021
Median Sold Price By Bedroom Count
# BEDS | May 2021 | May 2022 | % |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $304.5K | $326.5K | +7.2% |
3 Bedrooms | $355K | $380K | +7.0% |
4 Bedrooms | $452K | $596.8K | +32.1% |
5+ Bedrooms | $690K | $805K | +16.7% |
Median Sold Price Compared To Nearby Cities
% | |
---|---|
Southfield Township | +17.3% |
Beverly Hills | +11.4% |
Birmingham | +7.3% |
Bingham Farms | +4.5% |
How many homes are available in Southfield Township, MI?
Number of Homes For Sale
Apr 2022 | May 2022 | % |
---|---|---|
63 | 84 | +33.3% |
Homes For Sale By Bedroom Count
# BEDS | Apr 2022 | May 2022 | % |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 30 | 37 | +23.3% |
4 Bedrooms | 22 | 35 | +59.1% |
5+ Bedrooms | 9 | 10 | +11.1% |
Number of Homes Sold
Apr 2022 | May 2022 | % |
---|---|---|
21 | 24 | +14.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Average Sale Time
May 2021 | May 2022 | % |
---|---|---|
9 Days | 14 Days | +50.0% |
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days