$1,722 Closing Credit*
$145,000
1,200 SqFt
2 Beds
•2 Full Baths
#50162241, KARI GARBER, Listing Office: HARRISON REALTY INC.
Is Garfield Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Garfield Township was a Buyer'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
$225,000
$162/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$134,000(-37.3%)
Key Takeaway
Homes in Garfield Township have sold for 37.3% less than they did a month ago.
Summary: The median home sold price in Garfield Township was $225,000 in November 2024, down 37.3% from last month, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170K | $263K | +54.7% |
| 3 Bedrooms | - | $163.5K | N/A |
| 4 Bedrooms | $359K | - | N/A |
| 5+ Bedrooms | $818K | - | N/A |
Summary: Garfield Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 54.7%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Freeman Township | $147K | $160K | +8.8% |
| Garfield Township | $359K | $225K | -37.3% |
| Surrey Township | $207.5K | $94.5K | -54.5% |
Housing Supply in Garfield Township, MI
How many homes are available in Garfield Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 22 | -8.3% |
Summary: The Garfield Township real estate market had 22 homes for sale in November 2024, a 8.3% 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 | 10 | 9 | -10.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Garfield 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 10%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were 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. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Garfield Township in November 2024, up by 133.3% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 97 Days | 58 Days | -40.6% |
Summary: Homes in Garfield Township had an average of 58 days on market in Nov 2024, down by 40.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Garfield Township has remained consistent over time.
Summary: During November 2024, 7 homes were sold in Garfield Township; 14% of homes were sold within 30 days, 71% 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.