$3,800 Closing Credit*
$320,000
1,439 SqFt
3 Beds
•2 Full Baths, 1 Partial
Scott Kroepel, Listing Office: Coldwell Banker Schmidt Newaygo
Is Newfield 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, Newfield Township has remained a Buyer's Market.
Key Takeaway
Newfield Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Newfield Township, MI
How much do homes in Newfield Township, MI cost?
Median Sold Price
$210,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$60,000(+40.0%)
Key Takeaway
Homes in Newfield Township have sold for 40% more than they did a year ago.
Summary: The median home sold price in Newfield Township was $210,000 in October 2024, up 40% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.5K | $182.5K | +108.6% |
| 2 Bedrooms | $136K | $247.5K | +82.0% |
| 3 Bedrooms | $150K | $188.3K | +25.6% |
| 4 Bedrooms | $187.4K | $217.2K | +15.9% |
| 5+ Bedrooms | $206.5K | - | N/A |
Summary: Newfield Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 108.6%, 2 bedroom homes increased by 82%, 3 bedroom homes increased by 25.6%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Denver Township | $151.4K | $254K | +67.7% |
| Hesperia | $150K | $235K | +56.7% |
| Newfield Township | $150K | $210K | +40.0% |
Housing Supply in Newfield Township, MI
How many homes are available in Newfield Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Summary: The Newfield Township real estate market had 17 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 2 | -66.7% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Newfield 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 decreased by 66.7%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newfield Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Newfield Township in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 157 Days | 6 Days | -95.9% |
Summary: Homes in Newfield Township had an average of 6 days on market in Oct 2024, down by 95.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newfield Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Newfield Township; 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.
