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 April 2023
Since last year, Springfield Charter Township has remained a Seller's Market.
Housing Prices in Springfield Charter Township, MI
How much do homes in Springfield Charter Township, MI cost?
Median Sold Price
$370,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Springfield Charter Township was $370,000 in April 2024, down 5.4% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $104K | $122K | +17.3% |
2 Bedrooms | $190K | $170K | -10.5% |
3 Bedrooms | $310K | $348.5K | +12.4% |
4 Bedrooms | $506.5K | $465K | -8.2% |
5+ Bedrooms | $548.5K | $617K | +12.5% |
Summary: Springfield Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 12.4%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Cities
Groveland Township | $381K | $430K | +12.9% |
Independence Charter Township | $371.4K | $385K | +3.7% |
Davisburg | $399.9K | $402.5K | +0.7% |
Clarkston | $391.9K | $386.1K | -1.5% |
Springfield Charter Township | $391.2K | $370K | -5.4% |
Housing Supply in Springfield Charter Township, MI
How many homes are available in Springfield Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 63 | -3.1% |
Summary: The Springfield Charter Township real estate market had 63 homes for sale in April 2024, a 3.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 11 | +10.0% |
3 Bedrooms | 32 | 26 | -18.8% |
4 Bedrooms | 17 | 17 | 0.0% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Springfield Charter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 22 | +29.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Springfield Charter Township in April 2024, up by 29.4% month-over-month. Of the 22 sold homes, 32% were sold under asking, 32% were sold at asking, and 36% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
7 Days | 41 Days | +487.7% |
Summary: Homes in Springfield Charter Township had an average of 41 days on market in Apr 2024, up by 487.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Springfield Charter Township; 59% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.