$3,324 Closing Credit*
$279,900
1,972 SqFt
2 Beds
•2 Full Baths
Scott Rubin, Listing Office: Andover Real Estate dba Houzeo Michigan
Is Northfield 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, Northfield Township has remained a Seller's Market.
Key Takeaway
Northfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northfield Township, MI
How much do homes in Northfield Township, MI cost?
Median Sold Price
$440,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$94,000(+27.2%)
Key Takeaway
Homes in Northfield Township have sold for 27.2% more than they did a year ago.
Summary: The median home sold price in Northfield Township was $440,000 in November 2024, up 27.2% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $236.5K | $230K | -2.7% |
| 3 Bedrooms | $315K | $440K | +39.7% |
| 4 Bedrooms | $430K | $520K | +20.9% |
| 5+ Bedrooms | $506.5K | $450K | -11.2% |
Summary: Northfield 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 decreased by 2.7%, 3 bedroom homes increased by 39.7%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes decreased by 11.2%.
Median Sold Price Compared To Nearby Cities
| Northfield Township | $346K | $440K | +27.2% |
| Green Oak Township | $395K | $450K | +13.9% |
| Whitmore Lake | $365K | $410K | +12.3% |
| South Lyon | $456.5K | $479.8K | +5.1% |
| Salem Township | $658.7K | $660K | 0.2% |
Housing Supply in Northfield Township, MI
How many homes are available in Northfield Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 27 | -25.0% |
Summary: The Northfield Township real estate market had 27 homes for sale in November 2024, a 25.0% 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 | 6 | 3 | -50.0% |
| 3 Bedrooms | 24 | 18 | -25.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Northfield 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 25%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northfield Township, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Northfield Township in November 2024, down by 27.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Northfield Township, MI
How long does it take to sell a home in Northfield Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 74 Days | +159.0% |
Summary: Homes in Northfield Township had an average of 74 days on market in Nov 2024, up by 159% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northfield Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Northfield Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
