$4,358 Closing Credit*
$367,000
1,406 SqFt
3 Beds
•2 Full Baths
Julia Bloxsom-Phelps, Listing Office: REO-TCRandolph-233022
Is Garfield Charter 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, Garfield Charter Township was a Seller's Market.
Key Takeaway
Garfield Charter Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Garfield Charter Township, MI
How much do homes in Garfield Charter Township, MI cost?
Median Sold Price
$375,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+1.4%)
Key Takeaway
Homes in Garfield Charter Township have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Garfield Charter Township was $375,000 in October 2024, up 1.4% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $292K | +2.5% |
| 2 Bedrooms | $304.5K | $319.5K | +4.9% |
| 3 Bedrooms | $370.2K | $359.9K | -2.8% |
| 4 Bedrooms | $483.5K | $495K | +2.4% |
| 5+ Bedrooms | $745K | $615K | -17.4% |
Summary: Garfield Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 4.9%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 17.4%.
Median Sold Price Compared To Nearby Cities
| East Bay Township | $385K | $429K | +11.4% |
| Elmwood Charter Township | $490.2K | $507K | +3.4% |
| Traverse City | $434K | $446.7K | +2.9% |
| Garfield Charter Township | $370K | $375K | +1.4% |
| Long Lake Township | $474K | $458K | -3.4% |
Housing Supply in Garfield Charter Township, MI
How many homes are available in Garfield Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 101 | 113 | +11.9% |
Summary: The Garfield Charter Township real estate market had 113 homes for sale in October 2024, a 11.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 28 | 32 | +14.3% |
| 3 Bedrooms | 42 | 47 | +11.9% |
| 4 Bedrooms | 19 | 24 | +26.3% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Garfield Charter Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 14 | -30.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Garfield Charter Township, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Garfield Charter Township in October 2024, down by 30.0% month-over-month. Of the 13 sold homes, 54% were sold under asking, 31% were sold at asking, and 15% were sold over asking.
Days on Market for Garfield Charter Township, MI
How long does it take to sell a home in Garfield Charter Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 103 Days | 60 Days | -41.5% |
Summary: Homes in Garfield Charter Township had an average of 60 days on market in Oct 2024, down by 41.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Garfield Charter Township has remained consistent over time.
Summary: During October 2024, 14 homes were sold in Garfield Charter Township; 7% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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