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Commerce Township real estate update

In the last 6 months there have been 220 Commerce Township homesthat have sold. Out of the 220 homes that have sold 182 have been priced under $260,000. Like most of the Metro Detroit real estate market it is the lower price range that is selling. The upper end homes are sitting on the market longer.

Of the 220 Commerce Township homes that have sold in the last 6 months it has taken an average of 120 days to sell.

Commerce Township Home Price Statistics Legend
Range Name Price Range Number of Listings Days on Market
10000 to 60000 39 91
60001 to 110000 41 81
110001 to 160000 41 102
160001 to 210000 29 98
210001 to 260000 32 240
260001 to 310000 17 80
310001 to 360000 5 155
360001 to 410000 8 163
410001 to 460000 1 106
460001 to 510000 6 104
510001 to 560000 0 0
560001 to 610000 0 0
610001 to 660000 0 0
660001 to 710000 0 0
710001 to 760000 0 0
760001 to 800000 1 44
For the 220 Commerce Township listings: For the 220 Commerce Township Sold listings:
Average List Price $179,570.00 Average Sold Price $168,277.00
Median List Price $158,900.00 Median Sold Price $146,950.00
Highest List Price $899,999.00 Highest Sold Price $800,000.00
Lowest List Price $14,900.00 Lowest Sold Price $14,000.00
List Volume $39,505,420.00 Sales Volume $37,020,900.00
Avg. Days On Market 117 Avg. Days On Market 118

I hope this gives you a look at what is happening in Commerce Twp real estate market. Info courtesy of Realcomp II Ltd

Posted Sunday Nov 01