$245,000
9.92 Acres
Land
Stephanie A Wiltgen, Derek Wissner, Listing Office: Callander Commercial
Is Springfield 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 Township has remained a Seller's Market.
Key Takeaway
Springfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Springfield Township, MI
How much do homes in Springfield Township, MI cost?
Median Sold Price
$165,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,050(+3.8%)
Key Takeaway
Homes in Springfield Township have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Springfield Township was $165,000 in November 2024, up 3.8% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $104K | $158K | +51.9% |
| 2 Bedrooms | $127.5K | $137K | +7.5% |
| 3 Bedrooms | $187.2K | $162.5K | -13.2% |
| 4 Bedrooms | $179.9K | $225K | +25.1% |
| 5+ Bedrooms | $327.5K | $240K | -26.7% |
Summary: Springfield Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.9%, 2 bedroom homes increased by 7.5%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes increased by 25.1%, and 5+ bedroom homes decreased by 26.7%.
Median Sold Price Compared To Nearby Cities
| Springfield Township | $158.9K | $165K | +3.8% |
| Fife Lake | $246.3K | $238.5K | -3.2% |
Housing Supply in Springfield Township, MI
How many homes are available in Springfield Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Summary: The Springfield Township real estate market had 17 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 | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Springfield 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 increased by 75%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Springfield Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Springfield Township in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 21 Days | -28.4% |
Summary: Homes in Springfield Township had an average of 21 days on market in Nov 2024, down by 28.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were 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 November 2024, 5 homes were sold in Springfield Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
