$8,074 Closing Credit*
$679,900
2,777 SqFt
4 Beds
•2 Full Baths, 1 Partial
Jennifer Petersen, Listing Office: KW Realty Livingston
Is Commerce 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, Commerce Township has remained a Seller's Market.
Key Takeaway
Commerce Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Commerce Township, MI
How much do homes in Commerce Township, MI cost?
Median Sold Price
$456,800
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,800(+3.8%)
Key Takeaway
Homes in Commerce Township have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Commerce Township was $456,800 in October 2024, up 3.8% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $367.5K | $55K | -85.0% |
| 2 Bedrooms | $247K | $260K | +5.3% |
| 3 Bedrooms | $330K | $367.5K | +11.4% |
| 4 Bedrooms | $520K | $535K | +2.9% |
| 5+ Bedrooms | $613.4K | $732.5K | +19.4% |
Summary: Commerce Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 85%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 19.4%.
Median Sold Price Compared To Nearby Cities
| Commerce Charter Township | $355.5K | $370.8K | +4.3% |
| Commerce Township | $440K | $456.8K | +3.8% |
| White Lake | $375K | $384.5K | +2.5% |
| White Lake Charter Township | $375K | $384.1K | +2.4% |
| Wixom | $350K | $350K | 0.0% |
Housing Supply in Commerce Township, MI
How many homes are available in Commerce Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 75 | -1.3% |
Summary: The Commerce Township real estate market had 75 homes for sale in October 2024, a 1.3% decrease 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 | 7 | 5 | -28.6% |
| 3 Bedrooms | 31 | 35 | +12.9% |
| 4 Bedrooms | 33 | 32 | -3.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Commerce 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 decreased by 28.6%, 3 bedroom homes increased by 12.9%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 16 | -30.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Commerce Township, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Commerce Township in October 2024, down by 30.4% month-over-month. Of the 16 sold homes, 56% were sold under asking, 25% were sold at asking, and 19% were sold over asking.
Days on Market for Commerce Township, MI
How long does it take to sell a home in Commerce Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 25 Days | +24.1% |
Summary: Homes in Commerce Township had an average of 25 days on market in Oct 2024, up by 24.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Commerce Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Commerce Township; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% 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. 
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