$599,000
66.92 Acres
Land
#50132269, Jonathan Minerick, Listing Office: HomeCoin.com
Is Deerfield, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Deerfield has remained a Seller's Market.
Key Takeaway
Deerfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Deerfield, MI
How much do homes in Deerfield, MI cost?
Median Sold Price
$201,000
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,500(+13.9%)
Key Takeaway
Homes in Deerfield have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Deerfield was $201,000 in November 2024, up 13.9% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $588K | $250K | -57.5% |
| 2 Bedrooms | $132.5K | $135K | +1.9% |
| 3 Bedrooms | $211.5K | $201K | -5.0% |
| 4 Bedrooms | $172K | $224.9K | +30.8% |
| 5+ Bedrooms | $200K | $384.9K | +92.5% |
Summary: Deerfield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.5%, 2 bedroom homes increased by 1.9%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 92.5%.
Median Sold Price Compared To Nearby Cities
| Deerfield | $176.5K | $201K | +13.9% |
| Deerfield Township | $176.5K | $201K | +13.9% |
Housing Supply in Deerfield, MI
How many homes are available in Deerfield, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Summary: The Deerfield real estate market had 3 homes for sale in November 2024, a 25.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Deerfield housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Deerfield, 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 Deerfield in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Deerfield, MI
How long does it take to sell a home in Deerfield, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 11 Days | -21.4% |
Summary: Homes in Deerfield had an average of 11 days on market in Nov 2024, down by 21.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Deerfield are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Deerfield; 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.