Is Thetford Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Thetford Township was a Neutral Market.
Housing Prices in Thetford Township, MI
How much do homes in Thetford Township, MI cost?
Median Sold Price
$185,000
$137/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Summary: The median home sold price in Thetford Township was $185,000 in May 2024, the same as last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $133K | $131K | -1.5% |
3 Bedrooms | $175K | $180K | +2.9% |
4 Bedrooms | $210K | $243.7K | +16.1% |
5+ Bedrooms | $270K | $154.5K | -42.8% |
Summary: Thetford Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes decreased by 42.8%.
Median Sold Price Compared To Nearby Cities
Genesee Charter Township | $140K | $155K | +10.7% |
Vienna Charter Township | $201.9K | $218.2K | +8.1% |
Thetford Township | $185K | $185K | 0.0% |
Forest Township | $183K | $175.3K | -4.2% |
Housing Supply in Thetford Township, MI
How many homes are available in Thetford Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 22 | +22.2% |
Summary: The Thetford Township real estate market had 22 homes for sale in May 2024, a 22.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 9 | 11 | +22.2% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Thetford 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 increased by 100%, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Thetford Township in May 2024, down by 50.0% month-over-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 Thetford Township, MI
How long does it take to sell a home in Thetford Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 42 Days | +116.9% |
Summary: Homes in Thetford Township had an average of 42 days on market in May 2024, up by 116.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Thetford Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.