$3,859 Closing Credit*
$325,000
1,360 SqFt
3 Beds
•1 Full Bath, 1 Partial
Michele Shinedling, Listing Office: Heritage Real Estate
Is Springfield Charter 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, Springfield Charter Township has remained a Seller's Market.
Key Takeaway
Springfield Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Springfield Charter Township, MI
How much do homes in Springfield Charter Township, MI cost?
Median Sold Price
$385,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$62,500(+19.4%)
Key Takeaway
Homes in Springfield Charter Township have sold for 19.4% more than they did a year ago.
Summary: The median home sold price in Springfield Charter Township was $385,000 in October 2024, up 19.4% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $104K | $648.5K | +523.6% |
| 2 Bedrooms | $150K | $179.7K | +19.8% |
| 3 Bedrooms | $304.2K | $352.5K | +15.9% |
| 4 Bedrooms | $440K | $496.5K | +12.8% |
| 5+ Bedrooms | $608K | $660.5K | +8.6% |
Summary: Springfield Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 523.6%, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Cities
| Springfield Charter Township | $322.5K | $385K | +19.4% |
| Davisburg | $379.9K | $434.2K | +14.3% |
| Groveland Township | $417.5K | $443K | +6.1% |
| Independence Charter Township | $386.5K | $405.3K | +4.9% |
| Clarkston | $392.9K | $410.1K | +4.4% |
Housing Supply in Springfield Charter Township, MI
How many homes are available in Springfield Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 77 | 74 | -3.9% |
Summary: The Springfield Charter Township real estate market had 74 homes for sale in October 2024, a 3.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 28 | 31 | +10.7% |
| 4 Bedrooms | 30 | 22 | -26.7% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Springfield Charter 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 increased by 18.2%, 3 bedroom homes increased by 10.7%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 18 | -33.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springfield Charter Township, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Springfield Charter Township in October 2024, down by 33.3% month-over-month. Of the 18 sold homes, 56% were sold under asking, 6% were sold at asking, and 39% were sold over asking.
Days on Market for Springfield Charter Township, MI
How long does it take to sell a home in Springfield Charter Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 63 Days | +217.2% |
Summary: Homes in Springfield Charter Township had an average of 63 days on market in Oct 2024, up by 217.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Springfield Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in Springfield Charter Township; 56% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 17% 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 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.