$7,113 Closing Credit*
$599,000
1,968 SqFt
5 Beds
•2 Full Baths
Harry M Lee, Listing Office: EXP Z Real Estate
Is Deerfield Township, 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 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
$287,400
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,900(+5.5%)
Key Takeaway
Homes in Deerfield Township have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Deerfield Township was $287,400 in November 2024, up 5.5% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $475.5K | $250K | -47.4% |
| 2 Bedrooms | $135K | $127.5K | -5.6% |
| 3 Bedrooms | $264.9K | $260K | -1.9% |
| 4 Bedrooms | $395K | $612.4K | +55.1% |
| 5+ Bedrooms | $275K | $552.5K | +100.9% |
Summary: Deerfield Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.4%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 55.1%, and 5+ bedroom homes increased by 100.9%.
Median Sold Price Compared To Nearby Cities
| Tyrone Township | $370K | $416.6K | +12.6% |
| Oceola Township | $386K | $410K | +6.2% |
| Deerfield Township | $272.5K | $287.4K | +5.5% |
| Fenton | $324.3K | $341.3K | +5.2% |
| Argentine Township | $363K | $305K | -16.0% |
Housing Supply in Deerfield Township, MI
How many homes are available in Deerfield Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Summary: The Deerfield Township real estate market had 16 homes for sale in November 2024, a 11.1% 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 | 2 | 0 | -100.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Deerfield Township 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 |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Deerfield Township, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Deerfield Township in November 2024, up by 250.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 37 Days | +97.6% |
Summary: Homes in Deerfield Township had an average of 37 days on market in Nov 2024, up by 97.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Deerfield Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Deerfield Township; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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.