Is Flowerfield 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, Flowerfield Township has remained a Seller's Market.
Key Takeaway
Flowerfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Flowerfield Township, MI
How much do homes in Flowerfield Township, MI cost?
Median Sold Price
$268,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Flowerfield Township have sold for 20.6% less than they did a year ago.
Summary: The median home sold price in Flowerfield Township was $268,000 in April 2024, down 20.6% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $183.1K | $212.4K | +16.0% |
| 3 Bedrooms | $195K | $276K | +41.5% |
| 4 Bedrooms | $471.9K | $263K | -44.3% |
| 5+ Bedrooms | $378.4K | - | N/A |
Summary: Flowerfield Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 41.5%, 4 bedroom homes decreased by 44.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Prairie Ronde Township | $380K | $445K | +17.1% |
| Schoolcraft Township | $271K | $310K | +14.4% |
| Fabius Township | $257.7K | $260K | +0.9% |
| Flowerfield Township | $337.5K | $268K | -20.6% |
Housing Supply in Flowerfield Township, MI
How many homes are available in Flowerfield Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The Flowerfield Township real estate market had 9 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Flowerfield 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 remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Flowerfield Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Flowerfield Township in April 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Flowerfield Township, MI
How long does it take to sell a home in Flowerfield Township, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 4 Days | 92 Days | +2200.0% |
Summary: Homes in Flowerfield Township had an average of 92 days on market in Apr 2024, up by 2200% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Flowerfield Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 3 homes were sold in Flowerfield Township; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
