Is Summerfield Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Summerfield Township is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Summerfield Township has remained a Seller's Market.

Key Takeaway

Summerfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Summerfield Township, MI cost?

Median Sold Price

$126,000

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$21,050(+20.1%)

Key Takeaway

Homes in Summerfield Township have sold for 20.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $48K$120K
+150.0%
2 $73.1K$127K
+73.6%
3 $149.9K$142.4K
-5.0%
4 $90K-
N/A
5+ --
N/A

How many homes are available in Summerfield Township, MI?

Number of Homes For Sale

Jul 2022Aug 2022%
811+37.5%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 12
+100.0%
2 33
0.0%
3 46
+50.0%
4 00
0.0%
5+ 00
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
02+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Summerfield Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
9 Days73 Days+716.7%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Summerfield Township has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Summerfield Township, MI

Summerfield Township, MI has 11 homes for sale to choose from. The number of homes for sale in Summerfield Township, MI increased by 37.5% between July 2022 and August 2022. In August 2022, listings were on the market for 73 days. During the same period, the median list price in this real estate market was $126,000. This housing market listing prices have changed between July 2022 and August 2022: 1 bedroom properties became 150% more expensive, prices of 2 bedrooms properties increased by 73.6%, the cost of 3 bedrooms properties went down by 5%, 4 bedrooms properties prices increased by 0%, prices of 5 bedrooms properties increased by 0%. Volume of homes for sale changed: volume of 1 bedroom homes went up by 100%, 2 bedrooms homes inventory did not change, 3 bedrooms homes became 50% more available, volume of 4 bedrooms homes stayed the same, number of 5 bedrooms homes remained the same. Over 0 listings were sold over their listed price in August 2022 in Summerfield Township, MI. In the same period over 1 listings were sold below the listed price and 1 listings were sold for the listed price.

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