Is Northfield Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Northfield Township was a Seller's Market.
Housing Prices in Northfield Township, MI
How much do homes in Northfield Township, MI cost?
Median Sold Price
$362,500
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northfield Township was $362,500 in April 2024, up 8.2% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $252.5K | $238K | -5.7% |
3 Bedrooms | $300K | $346.5K | +15.5% |
4 Bedrooms | $449.5K | $424.5K | -5.6% |
5+ Bedrooms | $575K | $438K | -23.8% |
Summary: Northfield 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 decreased by 5.7%, 3 bedroom homes increased by 15.5%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 23.8%.
Median Sold Price Compared To Nearby Cities
South Lyon | $397K | $440.2K | +10.9% |
Green Oak Township | $391K | $430K | +10.0% |
Northfield Township | $335K | $362.5K | +8.2% |
Whitmore Lake | $357.2K | $380K | +6.4% |
Salem Township | $650K | $509K | -21.7% |
Housing Supply in Northfield Township, MI
How many homes are available in Northfield Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 19 | +90.0% |
Summary: The Northfield Township real estate market had 19 homes for sale in April 2024, a 90.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 2 | +100.0% |
3 Bedrooms | 7 | 11 | +57.1% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Northfield 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 100%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Northfield Township in April 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Northfield Township, MI
How long does it take to sell a home in Northfield Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 8 Days | -71.3% |
Summary: Homes in Northfield Township had an average of 8 days on market in Apr 2024, down by 71.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Northfield Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.