$2,018 Closing Credit*
$169,900
952 SqFt
2 Beds
•1 Full Bath
Rahjah Stahlhood, Listing Office: Coldwell Banker Morehart Realty
Is Springfield Charter Township, 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, Springfield Charter Township has remained a Seller's Market.
Key Takeaway
Springfield Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Springfield Charter Township, MI
How much do homes in Springfield Charter Township, MI cost?
Median Sold Price
$372,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$38,775(+11.6%)
Key Takeaway
Homes in Springfield Charter Township have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Springfield Charter Township was $372,000 in September 2024, up 11.6% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $104K | $122K | +17.3% |
| 2 Bedrooms | $159.9K | $170K | +6.3% |
| 3 Bedrooms | $302.5K | $327.5K | +8.3% |
| 4 Bedrooms | $446K | $485.5K | +8.9% |
| 5+ Bedrooms | $601K | $631K | +5.0% |
Summary: Springfield Charter Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
| Springfield Charter Township | $333.2K | $372K | +11.6% |
| Davisburg | $381K | $412.5K | +8.3% |
| Clarkston | $386.1K | $410K | +6.2% |
| Groveland Township | $420K | $443K | +5.5% |
| Independence Charter Township | $385K | $405.3K | +5.3% |
Housing Supply in Springfield Charter Township, MI
How many homes are available in Springfield Charter Township, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 79 | 75 | -5.1% |
Summary: The Springfield Charter Township real estate market had 75 homes for sale in September 2024, a 5.1% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 31 | 28 | -9.7% |
| 4 Bedrooms | 29 | 28 | -3.4% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Springfield Charter Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.7%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springfield Charter Township, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Springfield Charter Township in September 2024, up by 9.5% month-over-month. Of the 23 sold homes, 48% were sold under asking, 17% were sold at asking, and 35% were sold over asking.
Days on Market for Springfield Charter Township, MI
How long does it take to sell a home in Springfield Charter Township, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 25 Days | 33 Days | +32.2% |
Summary: Homes in Springfield Charter Township had an average of 33 days on market in Sep 2024, up by 32.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Springfield Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 23 homes were sold in Springfield Charter Township; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.