Is Thetford Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Thetford Township has remained a Seller's Market.
Housing Prices in Thetford Township, MI
How much do homes in Thetford Township, MI cost?
Median Sold Price
$180,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Thetford Township was $180,000 in April 2024, down 5.2% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $133K | $131K | -1.5% |
3 Bedrooms | $180K | $177.5K | -1.4% |
4 Bedrooms | $220K | $261.2K | +18.8% |
5+ Bedrooms | $270K | $154.5K | -42.8% |
Summary: Thetford Township housing prices by bedroom type for April 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 decreased by 1.4%, 4 bedroom homes increased by 18.8%, 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 | $199K | $219.9K | +10.5% |
Arbela Township | $165K | $169.5K | +2.7% |
Forest Township | $183K | $178.1K | -2.7% |
Thetford Township | $189.9K | $180K | -5.2% |
Housing Supply in Thetford Township, MI
How many homes are available in Thetford Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 17 | +30.8% |
Summary: The Thetford Township real estate market had 17 homes for sale in April 2024, a 30.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 2 | +100.0% |
3 Bedrooms | 8 | 8 | 0.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Thetford Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Thetford Township in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 43 Days | -19.6% |
Summary: Homes in Thetford Township had an average of 43 days on market in Apr 2024, down by 19.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 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.