$599,000
66.92 Acres
Land
#50132269, Jonathan Minerick, Listing Office: HomeCoin.com
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
Since last year, Deerfield Township has remained a Seller's Market.
Key Takeaway
Deerfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Deerfield Township, MI
How much do homes in Deerfield Township, MI cost?
Median Sold Price
$179,500
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,000(-2.2%)
Key Takeaway
Homes in Deerfield Township have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Deerfield Township was $179,500 in October 2024, down 2.2% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $588K | $250K | -57.5% |
| 2 Bedrooms | $130K | $137.5K | +5.8% |
| 3 Bedrooms | $211.5K | $176K | -16.8% |
| 4 Bedrooms | $185K | $224.9K | +21.6% |
| 5+ Bedrooms | $200K | $384.9K | +92.5% |
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 57.5%, 2 bedroom homes increased by 5.8%, 3 bedroom homes decreased by 16.8%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes increased by 92.5%.
Median Sold Price Compared To Nearby Cities
| Blissfield Township | $175K | $181.6K | +3.8% |
| Deerfield Township | $183.5K | $179.5K | -2.2% |
| Deerfield | $183.5K | $179.5K | -2.2% |
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 |
|---|---|---|
| 4 | 3 | -25.0% |
Summary: The Deerfield Township real estate market had 3 homes for sale in October 2024, a 25.0% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 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 Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Deerfield Township in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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 |
|---|---|---|
| 24 Days | 418 Days | +1641.7% |
Summary: Homes in Deerfield Township had an average of 418 days on market in Oct 2024, up by 1641.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Deerfield Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in Deerfield Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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.