$4,868 Closing Credit*
$409,900
2,515 SqFt
3 Beds
•2 Full Baths
Brian D Wilcox, Listing Office: Coldwell Banker Professionals
Is Mayfield Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Mayfield Township has remained a Seller's Market.
Key Takeaway
Mayfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mayfield Township, MI
How much do homes in Mayfield Township, MI cost?
Median Sold Price
$268,750
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,850(+5.4%)
Key Takeaway
Homes in Mayfield Township have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Mayfield Township was $268,750 in November 2024, up 5.4% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127K | - | N/A |
| 2 Bedrooms | $165K | $207K | +25.5% |
| 3 Bedrooms | $230.5K | $259K | +12.4% |
| 4 Bedrooms | $300K | $384.2K | +28.1% |
| 5+ Bedrooms | $500K | $330.5K | -33.9% |
Summary: Mayfield Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.5%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes decreased by 33.9%.
Median Sold Price Compared To Nearby Cities
| Lapeer | $240K | $260K | +8.3% |
| Lapeer Township | $240K | $260K | +8.3% |
| Mayfield Township | $254.9K | $268.7K | +5.4% |
| Deerfield Township | $230K | $235K | +2.2% |
Housing Supply in Mayfield Township, MI
How many homes are available in Mayfield Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Summary: The Mayfield Township real estate market had 20 homes for sale in November 2024, a 5.3% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mayfield 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 remained the same, 3 bedroom homes increased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mayfield Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Mayfield Township in November 2024, up by 200.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Mayfield Township, MI
How long does it take to sell a home in Mayfield Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 12 Days | -44.6% |
Summary: Homes in Mayfield Township had an average of 12 days on market in Nov 2024, down by 44.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mayfield Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Mayfield Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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.