Is Thetford Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Thetford Township has remained a Seller's Market.
Key Takeaway
Thetford Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Thetford Township, MI
How much do homes in Thetford Township, MI cost?
Median Sold Price
$182,500
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Thetford Township have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Thetford Township was $182,500 in March 2024, down 1.4% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $133K | $131K | -1.5% |
| 3 Bedrooms | $175K | $177.5K | +1.4% |
| 4 Bedrooms | $230K | $221.2K | -3.8% |
| 5+ Bedrooms | $247.5K | $212.2K | -14.2% |
Summary: Thetford Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 14.2%.
Median Sold Price Compared To Nearby Cities
| Genesee Charter Township | $140K | $155K | +10.7% |
| Vienna Charter Township | $199K | $215K | +8.0% |
| Thetford Township | $185K | $182.5K | -1.4% |
| Forest Township | $183K | $178.1K | -2.7% |
Housing Supply in Thetford Township, MI
How many homes are available in Thetford Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Summary: The Thetford Township real estate market had 15 homes for sale in March 2024, a 15.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Thetford Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Thetford Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Thetford Township in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Thetford Township, MI
How long does it take to sell a home in Thetford Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 19 Days | -40.0% |
Summary: Homes in Thetford Township had an average of 19 days on market in Mar 2024, down by 40% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Thetford Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Thetford Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
