$2,197 Closing Credit*
$185,000
980 SqFt
2 Beds
•1 Full Bath
Dirk Okkema, Listing Office: Peacock 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 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
$195,500
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,000(-1.0%)
Key Takeaway
Homes in Deerfield Township have sold for 1% less than they did a year ago.
Summary: The median home sold price in Deerfield Township was $195,500 in October 2024, down 1% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $588K | $250K | -57.5% |
| 2 Bedrooms | $127.5K | $135K | +5.9% |
| 3 Bedrooms | $214K | $199.2K | -6.9% |
| 4 Bedrooms | $223.4K | $289.9K | +29.7% |
| 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 5.9%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 29.7%, and 5+ bedroom homes increased by 92.5%.
Median Sold Price Compared To Nearby Cities
| Austin Township | $210K | $262.5K | +25.0% |
| Deerfield Township | $197.5K | $195.5K | -1.0% |
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 |
|---|---|---|
| 9 | 7 | -22.2% |
Summary: The Deerfield Township real estate market had 7 homes for sale in October 2024, a 22.2% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 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 remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
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 80.0% 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.