$2,909 Closing Credit*
$245,000
1,320 SqFt
3 Beds
•1 Full Bath, 1 Partial
#50161518, Lori Brown, Listing Office: RE/MAX Eclipse New Baltimore
Is Chesterfield Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Chesterfield Township has remained a Seller's Market.
Key Takeaway
Chesterfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chesterfield Township, MI
How much do homes in Chesterfield Township, MI cost?
Median Sold Price
$316,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,000(+4.3%)
Key Takeaway
Homes in Chesterfield Township have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Chesterfield Township was $316,000 in October 2024, up 4.3% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $67K | - | N/A |
| 2 Bedrooms | $220.2K | $224K | +1.7% |
| 3 Bedrooms | $315K | $333K | +5.7% |
| 4 Bedrooms | $424K | $420K | -0.9% |
| 5+ Bedrooms | $410K | $565K | +37.8% |
Summary: Chesterfield Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 37.8%.
Median Sold Price Compared To Nearby Cities
| Ira Township | $285K | $365K | +28.1% |
| Chesterfield Township | $303K | $316K | +4.3% |
| New Baltimore | $385K | $399.9K | +3.9% |
| Lenox Township | $310K | $306.2K | -1.2% |
| New Haven | $305K | $293.5K | -3.8% |
Housing Supply in Chesterfield Township, MI
How many homes are available in Chesterfield Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 160 | 164 | +2.5% |
Summary: The Chesterfield Township real estate market had 164 homes for sale in October 2024, a 2.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 48 | 48 | 0.0% |
| 3 Bedrooms | 71 | 80 | +12.7% |
| 4 Bedrooms | 33 | 28 | -15.2% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Chesterfield Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.7%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 47 | -17.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chesterfield Township, you could pay more than the asking price. 42.6% of homes here sold above asking price last month.
Summary: A total of 47 homes were sold or pending in Chesterfield Township in October 2024, down by 17.5% month-over-month. Of the 47 sold homes, 34% were sold under asking, 23% were sold at asking, and 43% were sold over asking.
Days on Market for Chesterfield Township, MI
How long does it take to sell a home in Chesterfield Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 40 Days | +54.8% |
Summary: Homes in Chesterfield Township had an average of 40 days on market in Oct 2024, up by 54.8% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chesterfield Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 47 homes were sold in Chesterfield Township; 53% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.