$1,661 Closing Credit*
$139,900
760 SqFt
2 Beds
•1 Full Bath
Bradley LaBrie, Kellie L Lang, Listing Office: Keller Williams First
Is Richfield 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, Richfield Township was a Seller's Market.
Key Takeaway
Richfield Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Richfield Township, MI
How much do homes in Richfield Township, MI cost?
Median Sold Price
$199,500
$210/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$24,500(+14.0%)
Key Takeaway
Homes in Richfield Township have sold for 14% more than they did a month ago.
Summary: The median home sold price in Richfield Township was $199,500 in November 2024, up 14% from last month, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $67.5K | - | N/A |
| 2 Bedrooms | $152K | $165K | +8.6% |
| 3 Bedrooms | $185K | $310K | +67.6% |
| 4 Bedrooms | $450K | - | N/A |
| 5+ Bedrooms | - | $199.5K | N/A |
Summary: Richfield 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 increased by 8.6%, 3 bedroom homes increased by 67.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Ogemaw Township | $120K | $290K | +141.7% |
| Richfield Township | $175K | $199.5K | +14.0% |
Housing Supply in Richfield Township, MI
How many homes are available in Richfield Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 42 | 0.0% |
Summary: The Richfield Township real estate market had 42 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 20 | 23 | +15.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Richfield Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 15%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
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 Richfield 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 Richfield Township in November 2024, down by 62.5% 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 Richfield Township, MI
How long does it take to sell a home in Richfield Township, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 60 Days | +202.5% |
Summary: Homes in Richfield Township had an average of 60 days on market in Nov 2024, up by 202.5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Richfield Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Richfield Township; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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