$10,000 Closing Credit*
$990,000
2,500 SqFt
4 Beds
•3 Full Baths, 1 Partial
Timothy Quinn, Listing Office: Century 21 Affiliated
Is Summerfield Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Summerfield Township has remained a Seller's Market.
Key Takeaway
Summerfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Summerfield Township, MI
How much do homes in Summerfield Township, MI cost?
Median Sold Price
$209,950
$147/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$87,550(-29.4%)
Key Takeaway
Homes in Summerfield Township have sold for 29.4% less than they did a month ago.
Summary: The median home sold price in Summerfield Township was $209,950 in October 2024, down 29.4% from last month, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $80K | N/A |
| 3 Bedrooms | $297.5K | $339.9K | +14.3% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Summerfield Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 14.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Ida | $315K | $384.1K | +22.0% |
| Summerfield Township | $297.5K | $209.9K | -29.4% |
Housing Supply in Summerfield Township, MI
How many homes are available in Summerfield Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Summary: The Summerfield Township real estate market had 10 homes for sale in October 2024, a 42.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Summerfield 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 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 Summerfield Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Summerfield Township in October 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Summerfield Township, MI
How long does it take to sell a home in Summerfield Township, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 219 Days | +3028.6% |
Summary: Homes in Summerfield Township had an average of 219 days on market in Oct 2024, up by 3028.6% 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 Summerfield Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Summerfield Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
