$2,196 Closing Credit*
$184,900
1,476 SqFt
4 Beds
•2 Full Baths
Matthew Radke, Steven Pettit, Listing Office: Keller Williams GR East
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 November 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
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,000(+18.5%)
Key Takeaway
Homes in Springfield Charter Township have sold for 18.5% more than they did a year ago.
Summary: The median home sold price in Springfield Charter Township was $385,000 in November 2024, up 18.5% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $104K | $648.5K | +523.6% |
| 2 Bedrooms | $159.9K | $184K | +15.1% |
| 3 Bedrooms | $304.2K | $327.5K | +7.6% |
| 4 Bedrooms | $465K | $500K | +7.5% |
| 5+ Bedrooms | $601K | $660.5K | +9.9% |
Summary: Springfield Charter Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 523.6%, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Cities
| Springfield Charter Township | $325K | $385K | +18.5% |
| Davisburg | $387K | $429.2K | +10.9% |
| Clarkston | $391.1K | $419.9K | +7.4% |
| Independence Charter Township | $390.4K | $416K | +6.5% |
| Groveland Township | $425K | $440.7K | +3.7% |
Housing Supply in Springfield Charter Township, MI
How many homes are available in Springfield Charter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 59 | -14.5% |
Summary: The Springfield Charter Township real estate market had 59 homes for sale in November 2024, a 14.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 26 | 24 | -7.7% |
| 4 Bedrooms | 21 | 15 | -28.6% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Springfield Charter Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 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. 76.5% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Springfield Charter Township in November 2024, down by 10.5% month-over-month. Of the 17 sold homes, 76% were sold under asking, 6% were sold at asking, and 18% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 32 Days | -8.2% |
Summary: Homes in Springfield Charter Township had an average of 32 days on market in Nov 2024, down by 8.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was 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 November 2024, 17 homes were sold in Springfield Charter Township; 53% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
