$771 Closing Credit*
$64,900
2,055 SqFt
4 Beds
•1 Full Bath
Christie M Plemmons, Listing Office: Christie Plemmons Realty
Is Litchfield, 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, Litchfield was a Seller's Market.
Key Takeaway
Litchfield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Litchfield, MI
How much do homes in Litchfield, MI cost?
Median Sold Price
$135,000
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,000(+5.5%)
Key Takeaway
Homes in Litchfield have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Litchfield was $135,000 in October 2024, up 5.5% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $112K | $140K | +25.0% |
| 3 Bedrooms | $172K | $135K | -21.5% |
| 4 Bedrooms | $117K | $232K | +98.3% |
| 5+ Bedrooms | $137K | $129.9K | -5.2% |
Summary: Litchfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 21.5%, 4 bedroom homes increased by 98.3%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Litchfield | $128K | $135K | +5.5% |
| Litchfield Township | $137K | $135K | -1.5% |
Housing Supply in Litchfield, MI
How many homes are available in Litchfield, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Summary: The Litchfield real estate market had 11 homes for sale in October 2024, a 57.1% increase 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Litchfield 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 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Litchfield, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Litchfield in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Litchfield, MI
How long does it take to sell a home in Litchfield, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 55 Days | 10 Days | -82.0% |
Summary: Homes in Litchfield had an average of 10 days on market in Oct 2024, down by 82% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Litchfield are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Litchfield; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.