$2,375 Closing Credit*
$200,000
1,000 SqFt
2 Beds
•1 Full Bath
Joseph McNally, Listing Office: RE/MAX TOGETHER
Is Garfield 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, Garfield Township has remained a Seller's Market.
Key Takeaway
Garfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Garfield Township, MI
How much do homes in Garfield Township, MI cost?
Median Sold Price
$173,250
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,250(-2.4%)
Key Takeaway
Homes in Garfield Township have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Garfield Township was $173,250 in October 2024, down 2.4% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $113K | $139K | +23.0% |
| 2 Bedrooms | $115K | $165K | +43.5% |
| 3 Bedrooms | $240K | $222.5K | -7.3% |
| 4 Bedrooms | $177.4K | $359K | +102.3% |
| 5+ Bedrooms | - | $570K | N/A |
Summary: Garfield Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23%, 2 bedroom homes increased by 43.5%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes increased by 102.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lake | $144.5K | $168.9K | +16.9% |
| Garfield Township | $177.5K | $173.2K | -2.4% |
Housing Supply in Garfield Township, MI
How many homes are available in Garfield Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Summary: The Garfield Township real estate market had 23 homes for sale in October 2024, a 4.2% 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 | 8 | 9 | +12.5% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Garfield 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 increased by 12.5%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Garfield Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Garfield Township in October 2024, up by 66.7% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Garfield Township, MI
How long does it take to sell a home in Garfield Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 70 Days | +105.8% |
Summary: Homes in Garfield Township had an average of 70 days on market in Oct 2024, up by 105.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Garfield Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Garfield Township; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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.