Is Deerfield Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Deerfield Township has remained a Seller's Market.
Housing Prices in Deerfield Township, MI
How much do homes in Deerfield Township, MI cost?
Median Sold Price
$252,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Deerfield Township was $252,000 in May 2024, up 12% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $164.9K | $588K | +256.6% |
2 Bedrooms | $170K | $162.4K | -4.4% |
3 Bedrooms | $230K | $250K | +8.7% |
4 Bedrooms | $225K | $270K | +20.0% |
5+ Bedrooms | $425K | $470K | +10.6% |
Summary: Deerfield Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 256.6%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Cities
Burlington Township | $185K | $242.4K | +31.1% |
North Branch Township | $220K | $269.5K | +22.5% |
Rich Township | $190K | $220K | +15.8% |
Deerfield Township | $225K | $252K | +12.0% |
Fostoria | $202.3K | $224K | +10.7% |
Housing Supply in Deerfield Township, MI
How many homes are available in Deerfield Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 27 | -10.0% |
Summary: The Deerfield Township real estate market had 27 homes for sale in May 2024, a 10.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 20 | 18 | -10.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Deerfield Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 8 | -20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Deerfield Township in May 2024, down by 20.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Deerfield Township, MI
How long does it take to sell a home in Deerfield Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
64 Days | 15 Days | -76.1% |
Summary: Homes in Deerfield Township had an average of 15 days on market in May 2024, down by 76.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Deerfield Township; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.