$2,642 Closing Credit*
$222,500
1,276 SqFt
3 Beds
•1 Full Bath
Suzette Nelson, Listing Office: KW Realty Livingston
Is Redford Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Redford Charter Township has remained a Seller's Market.
Key Takeaway
Redford Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Redford Charter Township, MI
How much do homes in Redford Charter Township, MI cost?
Median Sold Price
$172,140
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$15,890(+10.2%)
Key Takeaway
Homes in Redford Charter Township have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Redford Charter Township was $172,140 in December 2024, up 10.2% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $52.5K | $60K | +14.3% |
| 2 Bedrooms | $110K | $129.9K | +18.1% |
| 3 Bedrooms | $160K | $176.9K | +10.6% |
| 4 Bedrooms | $200K | $195.3K | -2.4% |
| 5+ Bedrooms | $255K | $293.8K | +15.2% |
Summary: Redford Charter Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 10.6%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 15.2%.
Median Sold Price Compared To Nearby Cities
| Redford Charter Township | $156.2K | $172.1K | +10.2% |
| Redford | $156.4K | $172.1K | +10.0% |
| Dearborn Heights | $189.8K | $207.2K | +9.1% |
| Detroit | $79.7K | $85.9K | +7.7% |
| Southfield | $219.1K | $225.4K | +2.9% |
Housing Supply in Redford Charter Township, MI
How many homes are available in Redford Charter Township, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 208 | 191 | -8.2% |
Summary: The Redford Charter Township real estate market had 191 homes for sale in December 2024, a 8.2% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 18 | 15 | -16.7% |
| 3 Bedrooms | 170 | 156 | -8.2% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Redford Charter Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 54 | 55 | +1.9% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Redford Charter Township, you may be able to get a good deal. 61.8% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in Redford Charter Township in December 2024, up by 1.9% month-over-month. Of the 55 sold homes, 62% were sold under asking, 18% were sold at asking, and 20% were sold over asking.
Days on Market for Redford Charter Township, MI
How long does it take to sell a home in Redford Charter Township, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 18 Days | 21 Days | +19.4% |
Summary: Homes in Redford Charter Township had an average of 21 days on market in Dec 2024, up by 19.4% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Redford Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 55 homes were sold in Redford Charter Township; 76% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2025 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.