$2,553 Closing Credit*
$215,000
1,500 SqFt
3 Beds
•2 Full Baths
Richelle L Kitchen, Listing Office: REMAX Right Choice
Is Thetford 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, Thetford Township has remained a Seller's Market.
Key Takeaway
Thetford Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Thetford Township, MI
How much do homes in Thetford Township, MI cost?
Median Sold Price
$194,950
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,300(+6.7%)
Key Takeaway
Homes in Thetford Township have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Thetford Township was $194,950 in October 2024, up 6.7% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $127.5K | $140K | +9.8% |
| 3 Bedrooms | $180K | $180K | 0.0% |
| 4 Bedrooms | $199.4K | $300K | +50.4% |
| 5+ Bedrooms | $225K | $316.2K | +40.6% |
Summary: Thetford Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.8%, 3 bedroom homes did not change, 4 bedroom homes increased by 50.4%, and 5+ bedroom homes increased by 40.6%.
Median Sold Price Compared To Nearby Cities
| Arbela Township | $169K | $185K | +9.5% |
| Vienna Charter Township | $210K | $225K | +7.1% |
| Thetford Township | $182.6K | $194.9K | +6.7% |
| Genesee Charter Township | $151.5K | $145K | -4.3% |
| Forest Township | $193.7K | $175K | -9.7% |
Housing Supply in Thetford Township, MI
How many homes are available in Thetford Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 20 | -9.1% |
Summary: The Thetford Township real estate market had 20 homes for sale in October 2024, a 9.1% decrease 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 | 5 | 3 | -40.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Thetford 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 decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
3 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 Thetford Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Thetford Township in October 2024, down by 55.6% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Thetford Township, MI
How long does it take to sell a home in Thetford Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 89 Days | +652.7% |
Summary: Homes in Thetford Township had an average of 89 days on market in Oct 2024, up by 652.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Thetford Township has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Thetford Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
