$4,749 Closing Credit*
$399,900
1,968 SqFt
4 Beds
•3 Full Baths
Gala S Rock, Listing Office: Lakes & Country Real Estate Inc
Is Springfield Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Springfield Township was a Seller's Market.
Key Takeaway
Springfield Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Springfield Township, MI
How much do homes in Springfield Township, MI cost?
Median Sold Price
$167,500
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,500(+15.5%)
Key Takeaway
Homes in Springfield Township have sold for 15.5% more than they did a year ago.
Summary: The median home sold price in Springfield Township was $167,500 in October 2024, up 15.5% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $104K | $157K | +51.0% |
| 2 Bedrooms | $119.5K | $135.5K | +13.4% |
| 3 Bedrooms | $158K | $173.5K | +9.8% |
| 4 Bedrooms | $162.4K | $225K | +38.5% |
| 5+ Bedrooms | $327.5K | $245K | -25.2% |
Summary: Springfield Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes decreased by 25.2%.
Median Sold Price Compared To Nearby Cities
| Springfield Township | $145K | $167.5K | +15.5% |
| Fife Lake | $246.3K | $237K | -3.8% |
Housing Supply in Springfield Township, MI
How many homes are available in Springfield Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Summary: The Springfield Township real estate market had 20 homes for sale in October 2024, a 11.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 5 | +150.0% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Springfield 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 150%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springfield 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 Springfield Township in October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Springfield Township, MI
How long does it take to sell a home in Springfield Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 19 Days | -4.8% |
Summary: Homes in Springfield Township had an average of 19 days on market in Oct 2024, down by 4.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Springfield Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Springfield Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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