$8,014 Closing Credit*
$674,900
1,823 SqFt
2 Beds
•2 Full Baths
Rick L Quinn, Listing Office: Coldwell Banker Anchor-Hart
Is Newfield 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, Newfield Township was a Buyer's Market.
Key Takeaway
Newfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newfield Township, MI
How much do homes in Newfield Township, MI cost?
Median Sold Price
$250,000
$205/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$23,750(-8.7%)
Key Takeaway
Homes in Newfield Township have sold for 8.7% less than they did a month ago.
Summary: The median home sold price in Newfield Township was $250,000 in November 2024, down 8.7% from last month, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $207K | N/A |
| 2 Bedrooms | $247.5K | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $300K | $260K | -13.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Newfield 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 did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Denver Township | $370K | $452.5K | +22.3% |
| Newfield Township | $273.7K | $250K | -8.7% |
Housing Supply in Newfield Township, MI
How many homes are available in Newfield Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Summary: The Newfield Township real estate market had 11 homes for sale in November 2024, a 26.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Newfield 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 50%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Newfield Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Newfield Township in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Newfield Township, MI
How long does it take to sell a home in Newfield Township, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 76 Days | +120.3% |
Summary: Homes in Newfield Township had an average of 76 days on market in Nov 2024, up by 120.3% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Newfield Township has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Newfield Township; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
