$2,363 Closing Credit*
$199,000
1,316 SqFt
3 Beds
•1 Full Bath
James M Lorch, Listing Office: Coldwell Banker Professionals
Is Deerfield Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Deerfield Township was a Seller's Market.
Key Takeaway
Deerfield Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Deerfield Township, MI
How much do homes in Deerfield Township, MI cost?
Median Sold Price
$245,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,675(+3.7%)
Key Takeaway
Homes in Deerfield Township have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Deerfield Township was $245,000 in October 2024, up 3.7% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $376.4K | $250K | -33.6% |
| 2 Bedrooms | $165K | $199.9K | +21.2% |
| 3 Bedrooms | $242K | $242.4K | 0.2% |
| 4 Bedrooms | $230K | $299.9K | +30.4% |
| 5+ Bedrooms | $375.9K | $384.9K | +2.4% |
Summary: Deerfield Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.6%, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
| Fostoria | $220K | $250K | +13.6% |
| North Branch Township | $249.5K | $265K | +6.2% |
| Deerfield Township | $236.3K | $245K | +3.7% |
Housing Supply in Deerfield Township, MI
How many homes are available in Deerfield Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 26 | +13.0% |
Summary: The Deerfield Township real estate market had 26 homes for sale in October 2024, a 13.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 10 | 15 | +50.0% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Deerfield 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 increased by 20%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Deerfield Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Deerfield Township in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Deerfield Township, MI
How long does it take to sell a home in Deerfield Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 135 Days | +277.6% |
Summary: Homes in Deerfield Township had an average of 135 days on market in Oct 2024, up by 277.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Deerfield Township has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Deerfield Township; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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.