$10,000 Closing Credit*
$1,600,000
3,612 SqFt
4 Beds
•4 Full Baths, 1 Partial
Ann Rudd, Listing Office: Paramount One Realty LLC
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 Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Deerfield Township, MI
How much do homes in Deerfield Township, MI cost?
Median Sold Price
$287,400
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,587(+0.9%)
Key Takeaway
Homes in Deerfield Township have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Deerfield Township was $287,400 in October 2024, up 0.9% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $475.5K | $250K | -47.4% |
| 2 Bedrooms | $132.5K | $135K | +1.9% |
| 3 Bedrooms | $281.2K | $260K | -7.5% |
| 4 Bedrooms | $423.7K | $614.9K | +45.1% |
| 5+ Bedrooms | $255K | $550K | +115.7% |
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 47.4%, 2 bedroom homes increased by 1.9%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 45.1%, and 5+ bedroom homes increased by 115.7%.
Median Sold Price Compared To Nearby Cities
| Tyrone Township | $380K | $419K | +10.3% |
| Fenton | $327.5K | $340.4K | +4.0% |
| Oceola Township | $386K | $400.5K | +3.8% |
| Deerfield Township | $284.8K | $287.4K | +0.9% |
| Argentine Township | $367K | $305K | -16.9% |
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 |
|---|---|---|
| 18 | 17 | -5.6% |
Summary: The Deerfield Township real estate market had 17 homes for sale in October 2024, a 5.6% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
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 decreased by 33.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was 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 may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Deerfield Township in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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 |
|---|---|---|
| 22 Days | 211 Days | +861.4% |
Summary: Homes in Deerfield Township had an average of 211 days on market in Oct 2024, up by 861.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were 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 October 2024, 2 homes were sold in Deerfield Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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.