New - 15 hours on Rocket
$2,136 Closing Credit¹
#20250011154, John Graham, Jim Shaffer, Listing Office: John Graham Realty, LLC, Good Company
Redford Charter Township Housing Market Report January 2025•Wayne County, Michigan
Housing Prices in Redford Charter Township, MI
How much do homes in Redford Charter Township, MI cost?
Housing Market Conditions
Is Redford Charter Township, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Redford Charter Township is a Seller's Market
Difference Since January 2024
Since last year, Redford Charter Township has remained a Seller's Market.
Insight
Redford Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$174,100$110/SqFt
+$14,100
+8.8%
Based on all homes sold in the last 12 months
Insight
Homes in Redford Charter Township have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Redford Charter Township was $174,100 in January 2025, up 8.8% from last year, and the median price per square foot was $110.
Median Sold Price By Cities
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Detroit | $77.8K | $87.4K | +12.4% |
| Dearborn Heights | $189.5K | $210.7K | +11.2% |
| Redford Charter Township | $160K | $174.1K | +8.8% |
| Redford | $160K | $173.7K | +8.6% |
| Southfield | $215K | $225.2K | +4.7% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $52.5K | $62K | +18.1% |
| 22 Bedrooms | $110K | $129.9K | +18.1% |
| 33 Bedrooms | $164.9K | $176.7K | +7.2% |
| 44 Bedrooms | $199K | $198.5K | -0.3% |
| 55+ Bedrooms | $221.5K | $293.8K | +32.7% |
Summary: Redford Charter Township housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +18.1%. The home price for 2 bedroom homes increased by +18.1%. The home price for 3 bedroom homes increased by +7.2%. The home price for 4 bedroom homes decreased by -0.3%. The home price for 5 bedroom homes increased by +32.7%.
Housing supply in Redford Charter Township, MI
How many homes are available in Redford Charter Township, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 163Last MonthJan 2025 | ||
| 1862 months agoDec 2024 | -12.4 % Change MoMDec – Jan |
Summary: The Redford Charter Township real estate market had 163 homes for sale in Jan 2025, a 12.4 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 50Last MonthJan 2025 | ||
| 602 months agoDec 2024 | -16.7 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 3 | 2 | -33.3% |
| 22 Bedrooms | 14 | 12 | -14.3% |
| 33 Bedrooms | 154 | 137 | -11.0% |
| 44 Bedrooms | 14 | 11 | -21.4% |
| 55+ Bedrooms | 1 | 1 | 0.0% |
Summary: Redford Charter Township housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -33.3%. The inventory for 2 bedroom homes decreased by -14.3%. The inventory for 3 bedroom homes decreased by -11.0%. The inventory for 4 bedroom homes decreased by -21.4%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Redford Charter Township, MI cost?
Over Asking Price19 Homes
At Asking Price11 Homes
Under Asking Price20 Homes
Insight
If you're buying a home in Redford Charter Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 50 homes were sold or pending in Redford Charter Township in January 2025, down by 16.7% month-over-month. Of the 50 sold homes, 40% were sold under asking, 22% were sold at asking, and and 38% were sold over asking.
Days on Market for Redford Charter Township, MI
How long does it take to sell a home in Redford Charter Township, MI?
Breakdown of Home Sale Times
Under 30 Days28 Homes
30 – 90 Days19 Homes
Over 90 Days3 Homes
Insight
Many homes in Redford Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 50 homes were sold in Redford Charter Township; 56% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 31 DaysThis YearJan 2025 | ||
| 23 Days1 year agoJan 2024 | +34.3 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Redford Charter Township had an average listing age of 31 days in Jan 2025, up by 34.3% compared to the previous year.
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Newest Listings in Redford Charter Township, MI
What homes are available in Redford Charter Township, MI?
Coming soon
$2,375 Closing Credit¹
#20250010693, Rachel Reaves, Listing Office: RE/MAX Leading Edge
New - 23 hours on Rocket
$2,138 Closing Credit¹
#20250011023, Nicholas Kalte, Listing Office: Quest Realty LLC
New - 23 hours on RocketVideo tour
$1,663 Closing Credit¹
#20250008729, Donna M Husaim, Listing Office: KW Showcase Realty
New - 2 days on Rocket
$2,719 Closing Credit¹
#81025005943, Michelle Gough, Listing Office: The Riley Realty Group
Coming soon
$2,672 Closing Credit¹
#20250009971, Ian Olson, Listing Office: Spencer Real Estate, LLC
New - 3 days on Rocket
$2,553 Closing Credit¹
#20250007959, Daniel LaMontagne, Listing Office: HomeCraft Real Estate
Coming soon
$1,663 Closing Credit¹
#20250008614, Sharon Khousakoun, Listing Office: RE/MAX Eclipse
New - 5 days on Rocket
$1,781 Closing Credit¹
#20250010154, Jason Caperton, Listing Office: EXP Realty Main
New - 6 days on RocketBackup offers
$2,493 Closing Credit¹
#20250010049, Andrew Whisler, Colleen Whisler, Listing Office: Community Choice Realty Associates, LLC
New - 6 days on Rocket
$2,078 Closing Credit¹
#20250009989, Alicia Booker, Listing Office: EXP Realty Main
New - 6 days on Rocket
$2,126 Closing Credit¹
#20250008904, Elijah Cook, Listing Office: KW Metro
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MLS Disclaimers and Copyright
Based on information from RealComp II Ltd., and Michigan Regional Information Center LLC for the period 02/01/2023 - 02/01/2025
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/20/2025, 2:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2025 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/20/2025, 2:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.